M&A Deal Summary

Loblaw Companies Acquires QHR

On August 22, 2016, Loblaw Companies acquired software company QHR for 170M USD

Acquisition Highlights
  • This is Loblaw Companies’ 1st transaction in the Software sector.
  • This is Loblaw Companies’ 4th largest (disclosed) transaction.
  • This is Loblaw Companies’ 4th transaction in Canada.
  • This is Loblaw Companies’ 2nd transaction in British Columbia.

M&A Deal Summary
Date 2016-08-22
Target QHR
Sector Software
Buyer(s) Loblaw Companies
Deal Type Add-on Acquisition
Deal Value 170M USD

Target

QHR

Kelowna, British Columbia, Canada
QHR Corp. is a healthcare technology, empowering providers and connecting patients. With a 12-year track record offering what is now the single leading electronic medical records platform in Canada, QHR has a suite of complementary offerings that empower health professionals. The company's technologies and services enable secure medical records management for clinical environments, empowering health providers with tools for virtual care, including secure video and messaging, as well as tools for clinic management including scheduling, billing, and patient management. Health providers choose QHR to drive efficiencies within their practice and improve the quality of care delivered to patients.

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Buyer(S) 1

Buyer

Loblaw Companies

Brampton, Ontario, Canada
Category Company
Founded 1919
Sector Retail
Employees220,000
Revenue 59.5B CAD (2023)
DESCRIPTION

Loblaw Companies is a provider of grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services in Canada and the United States. Loblaw Companies was incorporated in 1919 and is based in Brampton, Canada.

DEAL STATS #
Overall 4 of 6
Sector (Software) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (British Columbia) 2 of 2
Country (Canada) 4 of 6
Year (2016) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-09 Arz Fine Foods

Scarborough, Ontario, Canada

Arz Fine Foods Ltd. is a grocery retailer and offers fresh, frozen, and prepared groceries, foods, and baked goods.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-19 Loblaw Companies - Gas Station Business

Ontario, Canada

Loblaw Companies Ltd. - Gas Station Business is one of the largest in Canada and includes 213 retail gas stations and associated convenience kiosks adjacent to Loblaw-owned grocery stores across the country. The gas stations will continue to offer Loblaw's industry-leading PC Plus loyalty program, thereby combining the loyalty proposition that customers associate with Loblaw with the high quality gas station offering that customers in other markets have come to expect from the Mobil brand.

Sell CA$540M
Mergr

Product

Company

Legal