Telus Corp. to acquire Emergis for $763-million
Telus Corp. has
offered to buy Emergis Inc. for $763-million, a move that would
significantly increase the telecom company’s activities in the e-health
sector. Emergis has electronic solutions for insurance firms, drug
benefits programs and pharmacies, and it owns Ottawa-based Dinmar,
developer of the Oacis electronic health record.
Major user sites for Oacis include the Sunnybrook Health Sciences
Centre, in Toronto, the McGill University Health Centre and the Centre
hospitalier de l’Université de Montréal (CHUM), both in Montreal. The
system is also being adopted by several other hospitals and healthcare
agencies in Montreal.
As well, Dinmar/Oacis supplies an integration engine and master patient
index to hospitals in Eastern Ontario.
“If we are going to answer the escalating demand for healthcare
excellence and affordability, Canada must invest strategically in
healthcare information management systems,” said Darren Entwistle
(pictured), Telus’s president and chief executive, in a release
“Emergis’s electronic health records and health information systems,
combined with Telus’s cross-Canada network and hosting capabilities,
provide a platform for healthcare transformation in Canada,” the
The move also gives Telus more presence in financial services, such as
mortgage processing, across Canada.
Telus expects the deal will close in the first quarter of next year. The
offer isn’t conditional on financing and Telus expects to fund the
purchase initially through its existing or new credit facilities.