Consolidation in EMR Market - QHR Technologies to Acquire Clinicare  |  November 10, 2009  

November 9, 2009 - QHR Technologies Inc. (parent company of Optimed) today announced the intention to acquire Clinicare Corporation, a privately held Calgary based EMR company. Operations will consolidate under Optimed. QHR is acquiring Clinicare for $5,000,000, with an adjustment for net working capital. Initial payment to shareholders is scheduled for December 31, 2009 with final payments by January 31, 2010.

It was predicted some time back that as the Canadian Electronic Medical Market began to mature, consolidation was to be expected.

Read the full press release, click here

What are your thoughts? Is consolidation a good or bad thing for the market and for users?

Alan Brookstone
Canadian EMR