M&A Deal Summary

QHR Acquires Medeo

On November 10, 2014, QHR acquired information technology company Medeo

Acquisition Highlights
  • This is QHR’s 2nd transaction in the Information Technology sector.
  • This is QHR’s 3rd transaction in Canada.
  • This is QHR’s 2nd transaction in British Columbia.

M&A Deal Summary

Date 2014-11-10
Target Medeo
Sector Information Technology
Buyer(s) QHR
Deal Type Add-on Acquisition

Target

Medeo

Vancouver, British Columbia, Canada
Medeo Corp. is a Vancouver-based virtual care technology company. Company is an innovative system designed and built by physicians and developers in an effort to improve access, efficiency and quality of care for patients and their providers. The Medeo virtual care platform, available to healthcare providers for a monthly fee, allows providers to connect with their patients through cloud-based secure online messaging, video conferencing and telehealth workflows. It was created to equip healthcare professionals with secure, mobile technology that supports access to care and improves the provision of healthcare delivery.

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Buyer(S) 1

Buyer

QHR

Kelowna, British Columbia, Canada

Category Company
Founded 1997
Sector Software
DESCRIPTION

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.


DEAL STATS #
Overall 3 of 4
Sector: Information Technology M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
State: British Columbia M&A 2 of 2
Country: Canada M&A 3 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 QHR - Enterprise Management Solutions

Kelowna, British Columbia, Canada

QHR - Enterprise Management Solutions offers a suite of medical software modules that provide computer-based medical records for family physicians, medical specialists, and surgeons, as well as administrative modules for billing and patient scheduling.

Sell $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 QHR - Healthcare Divisions

United States

QHR - Healthcare Divisions comprises healthcare clearinghouse, electronic data interchange (EDI), and revenue cycle management divisions. These assets include customers representing more than 2,000 healthcare providers throughout the U.S., together with intellectual property and other assets necessary to support the ongoing operations of the divisions.

Sell -