VitalHub Corporation Transition to New Auditor Strengthens Oversight
VitalHub Corporation Announces Change of Auditor
VitalHub Corp. (TSX:VHI) (OTCQX:VHIBF) has officially announced an important decision regarding its financial oversight. Switching auditors marks a significant step for the company as it aims to fuel its growth and enhance its operational efficiency. The company has appointed Ernst & Young LLP as its new auditor, replacing MNP LLP, effective immediately.
Details of the Auditor Transition
The former auditor, MNP LLP, resigned at the request of VitalHub, and the Board of Directors swiftly acted to appoint the successor. This change is effective immediately and is intended to last until the next Annual General Meeting. The move showcases the company's proactive approach to maintaining transparency and accountability in its financial reporting.
No Reservations or Issues
To ensure confidence among stakeholders, it is noteworthy that during the last two completed fiscal years, there were no reservations in the auditor's reports from MNP LLP. Additionally, there are no reportable events as defined by the regulatory framework, showing a clean bill of health for the previous auditor's relationship with the company.
Importance of Compliance and Governance
VitalHub has ensured full compliance with existing regulations by filing the necessary documentation surrounding this transition on SEDAR+. The Notice of Change of Auditor has been reviewed by both the Board of Directors and the Audit Committee, emphasizing the company’s commitment to good governance practices.
About VitalHub’s Commitment to Quality
As a market leader in health technology solutions, VitalHub is dedicated to enhancing the services provided by health and human services organizations. The company delivers a robust suite of software solutions encompassing electronic health records, operational intelligence, and workforce automation, all designed to optimize care delivery. With more than 1,000 clients globally, VitalHub continues to innovate and expand its presence in the health sector.
Strategic Vision for Growth
VitalHub has laid out an ambitious growth strategy, which includes not only organic product expansion but also an aggressive mergers and acquisitions plan. By strengthening its leadership and oversight through new auditing arrangements, the company positions itself for further growth in both existing markets and potential new environments.
VitalHub's Global Workforce
Headquartered in Toronto, VitalHub boasts a diverse workforce of over 500 employees, strategically placed around the globe. The establishment of the VitalHub Innovations Lab in Sri Lanka reflects the company’s commitment to fostering innovation and tapping into global talent.
Contact Information
For further inquiries, stakeholders can reach out to:
Christian Sgro, CPA, CA, CFA
Head of IR and M&A Specialist
(365) 363-6433
christian.sgro@vitalhub.com
Dan Matlow
Chief Executive Officer, Director
(416) 727-9061
dan.matlow@vitalhub.com
Frequently Asked Questions
What prompted VitalHub to change its auditor?
VitalHub changed its auditor as part of its strategy to enhance financial oversight and governance.
Who is the new auditor for VitalHub?
Ernst & Young LLP has been appointed as the new auditor following the resignation of MNP LLP.
Are there any conflicts reported from the former auditor?
No, there have been no reservations or reportable events between the company and the former auditor.
What is the focus of VitalHub as a company?
VitalHub focuses on delivering innovative software solutions to enhance health and human services globally.
How many employees does VitalHub have?
VitalHub has over 500 employees working across various regions worldwide.
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