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Physician IT

Healthscreen buys BC physician software company

TORONTO – Healthscreen Solutions Inc., a supplier of physician-practice services and electronic medical record (EMR) software to the Canadian market, is pleased to announce that it has completed the acquisition of New Westminster, BC-based Regent Healthcare Systems.

Healthscreen agreed to pay a total of $1.3 million for Regent. Of the purchase price, $1 million has been paid to Regent’s shareholders upon closing and $300,000 is payable on January 4 2009, either in cash or in Healthscreen shares (at the company’s option).

Established in 1988, Regent is a medical software provider with over 1,000 physicians using its SmartSeries Professional software package in BC.

“I would like to thank the vendors, Dennis and Noreen Brox and Regent’s staff for their cooperation in completing this acquisition quickly and on schedule,” said Justin Belobaba, President and CEO of Healthscreen. “We are very excited to expand our operations into a new province, and begin offering our suite of value added services to Regent’s loyal base of over 1,000 medical doctors in BC.”

The acquisition of Regent takes Healthscreen’s customer base to over 5,300 physicians across the country, and provides the company with additional local support for its expansion into Western Canada.

About Healthscreen Solutions Inc.
Healthscreen Solutions (www.healthscreen.com) offers a comprehensive suite of practice enhancing products and services designed to increase physician productivity and revenue, while reducing costs and improving patient care. The company’s OHIP billing and patient scheduling software is used by thousands of physicians and handles more than $1.5 billion in healthcare transactions a year. Healthscreen’s Electronic Medical Record (EMR) software supports digitalization and network connectivity for community specialists and family physicians, plus a growing list of research groups. The cCompany’s broader goal of Continuous Practice Enhancement is being further realized with a growing list of services such as CallerMD, which assists doctors in managing a range of uninsured medical services and PrevCareMD, which helps doctors earn supplemental income by achieving government-set preventive care targets.

About Regent Healthcare Systems Inc.
Since 1988, Regent Healthcare Systems has been a leader in providing premium Medical Practice Management software and services to meet the growing demands of busy medical practitioners and their staff.

 

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