Logibec Groupe Informatique Ltée (Logibec) today announced it has entered into a definitive agreement to acquire the Enterprise Management Solutions ("EMS") division of QHR Technologies for a transaction price of CAD$20M, less working capital adjustments. The business unit, which will operate under the name of Quadrant upon closing of the transaction, is a leading provider of administrative software solutions for healthcare organizations in Canada. All employees of the EMS division will be offered employment by Logibec. The transaction is expected to close in December 2013, subject to satisfaction of closing conditions.
Headquartered in Kelowna, British Columbia, with additional offices in Winnipeg and Toronto, the EMS division’s primary focus over the years has been on delivering administrative solutions to healthcare organizations in Canada with its Quadrant product line. The division has established a prominent position in Payroll, Human Resources, Staff Scheduling and Financial management.
"The acquisition of the EMS division strengthens Logibec's position as the largest software solutions provider for healthcare organizations in Canada," said Marc P. Brunet, Logibec's President and CEO. "Building on our established reputation in the area of workforce and financial management solutions for complex care settings, this transaction allows us to consolidate the natural synergies between two sets of market leading offerings and deliver cost-effective solutions to a broader array of healthcare institutions and agencies. The combined expertise of over 360 IT healthcare professionals and the expanded product suite will allow Logibec to continue to drive even greater operational efficiencies for care providers throughout the country."
Al Hildebrandt, President and Chief Executive Officer of QHR Technologies, commented, "This acquisition by Logibec, the market leader in Quebec, offers the Quadrant product line an excellent home with strong product line synergy and a focus for growth in the workforce management market. Under the ownership of Logibec, our current Quadrant customers can expect continued high-quality service levels and performance."
Logibec offers clients unparalleled solutions and industry expertise to optimize processes in all domains of the healthcare industry. The company’s solutions include the Clinibase and Artefact product families, next generation patient management software packages for acute, long-term and ambulatory care, as well as the market leading Espresso software for human resources, payroll, financial and materials management. Logibec also provides the industry’s most advanced Business Intelligence solution to support data-driven performance management and optimized decision support. Together, Logibec and Quadrant offer innovative technologies to support operational performance and help enhance financial management.