M&A Deal Summary

QHR Acquires TrueVation - PatientPrep Technology

On June 2, 2016, QHR acquired information technology company TrueVation - PatientPrep Technology from TrueVation Technologies

Acquisition Highlights
  • This is QHR’s 3rd transaction in the Information Technology sector.
  • This is QHR’s 1st transaction in the United States.
  • This is QHR’s 1st transaction in New York.

M&A Deal Summary

Date 2016-06-02
Target TrueVation - PatientPrep Technology
Sector Information Technology
Buyer(s) QHR
Sellers(s) TrueVation Technologies
Deal Type Divestiture

Target

TrueVation - PatientPrep Technology

New York, New York, United States
TrueVation - PatientPrep Technology is a product used by healthcare providers to collect specific health condition information from patients as they are waiting to see the provider. The product is designed to run on a tablet and contains clinical templates (there are currently 118 templates) that allow the patient to communicate their symptoms and status of their chronic conditions, which are then summarized to the physician just before the visit, saving the provider and patient time while improving documentation in the Electronic Medical Record.

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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 4 of 4
Sector: Information Technology M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS 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 -

Seller(S) 1

SELLER

TrueVation Technologies

New York, New York, United States

Category Company
Founded 2014
Sector Information Technology
DESCRIPTION

TrueVation Technologies is a health technology company focused on developing innovative solutions to enhance the delivery of healthcare services. The company’s flagship platform, PatientPrep, improves physician productivity and patient satisfaction by collecting and documenting condition specific medical information prior to the appointment. The company is an alumni of New York City’s Blueprint Health Accelerator and is actively marketing PatientPrep across Canada and the United States.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1