Deal sees Cirencester business acquire ADI Health
By Matt Hall | 9th November 2022
A Gloucestershire health software business has acquired the assets of Advanced Digital Innovation (UK) Limited, along with its product MyPathway.
The assets were sold to Cirencester-based Intouch with Health Limited after ADI Health was placed into administration by its directors after over £3 million pound sterling had been invested into the development of the technology since 2020.
Intouch's parent company VitalHub will be making various payments totalling approximately £250,000 in cash to complete the transaction.
The transaction includes seven NHS customers across England and Wales novated to Intouch, who will be ensuring there is no interruption to existing services.
The seven customers represent an annualized recurring revenue ("ARR")(1) of £373,609. Not included in the previous ARR figure is professional services work that was historically billed to customers and will continue to be offered. Six of the employees along with other services were transferred to VitalHub to ensure continuance of services.
ADI Health developed the MyPathway digital health platform which is used to improve patient interactions during treatment for long term conditions as well as those individuals visiting acute facilities for shorter term elective or outpatient services.
The software supports the entry point of a patient's journey through a facility including ongoing communications between patient and clinical teams prior to, during, or after a visit. VitalHub views this acquisition as highly synergistic with the Intouch and Synopsis patient flow solutions and Hicom's Diamond and Twinkle diabetes-oriented solutions.
Dan Matlow, VitalHub CEO, said "This acquisition synergistically strengthens our existing digital patient flow offerings, through the addition of a patient engagement platform that enables the patient to more fully participate in their care journe.
"Adding 'MyPathway', ADI Health's flagship product, alongside our award-winning products from Intouch with Health and Synopsis, complements and extent the breadth of our existing offerings, further positioning VitalHub as the UK leader for digital patient flow solutions."
Judith Clarkson, commercial director of MyPathway said: "We are very pleased to have found a partner in VitalHub and we look forward to our new journey as part of VitalHub UK. We believe the integration with VitalHub's broader product suite of software enriches ADI Health's existing Business, providing the opportunity to improve patient pathways and significantly elevate the patient experience."
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