Montréal-based Logibec Groupe Informatique Ltd, a portfolio company of OMERS Private Equity, has closed its buy of the enterprise management solutions division (EMS) division of QHR Corp for $20 million. The EMS division, which is a provider of administrative software solutions for healthcare organizations in Canada, will operate under the name of Quadrant. Update: OMERS Private Equity took Logibec private for $237 million in 2010. Société générale de financement du Québec partnered as a minority investor in that transaction.
MONTREAL, QUEBEC–(Marketwired – Dec. 19, 2013) – Logibec Groupe Informatique Ltée (Logibec) today announced it has completed the acquisition of the Enterprise Management Solutions (“EMS”) division of QHR Technologies for a transaction price of CAD$20M, less working capital adjustments. This transaction was first announced on December 9, 2013. The business unit, which will operate under the name of Quadrant, will allow Logibec to build on its established reputation in the area of workforce and financial management solutions in a broader array of healthcare institutions and agencies throughout Canada.
“This transaction allows us to consolidate the natural synergies between two sets of market leading offerings and will allow Logibec to continue to drive even greater operational efficiencies for care providers throughout the country.” said Marc P. Brunet, Logibec’s President and CEO.
Logibec offers clients unparalleled solutions and industry expertise to optimize processes in all domains of the healthcare industry. The company’s solutions include the Clinibase and Artefact product families, next generation patient management software packages for acute, long-term and ambulatory care, as well as the market leading Espresso software for human resources, payroll, financial and materials management. Logibec also provides the industry’s most advanced Business Intelligence solution to support data-driven performance management and optimized decision support.
About Logibec Groupe Informatique Ltée
Logibec, a portfolio company of OMERS Private Equity, is a leading Canadian healthcare IT company. Logibec has been recognized and ranked in the Branham 300 Industry survey for the last 4 years as No. 1 among the Top Pure-Play Healthcare ICT Companies in Canada. In the U.S., Logibec’s wholly owned subsidiary, MDI Achieve, Inc., is a leader in the long-term care market with MatrixCare, the fastest growing, cloud-based EHR solution for the eldercare market. With over 30 years of dedication to the ever-evolving North American healthcare market, Logibec’s software and information systems meet the current and future needs of the health and social services sector. For further information, please visit: www.logibec.com.
About OMERS Private Equity Inc.
OMERS Private Equity Inc. (“OPE”) is the private equity investment arm of the OMERS Worldwide group of companies. OPE manages the private equity activities of the OMERS pension plan and has over CAD$6 billion of investments under management. The group’s investment strategy includes the active ownership of businesses in North America and Europe. OPE is headquartered in Toronto, Canada, with offices in London and New York. For further information, please visit: www.omerspe.com.
OMERS is one of Canada’s largest pension funds with over CAD$60 billion in net assets. It provides first-class pension administration and innovative products and services to almost 430,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate. For more information, please visit www.omers.com, or www.omersworldwide.com.
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