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Companies

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 Thursday.

“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 companies said.

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.

 

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