Loblaw makes bid for B.C. medical records company
Loblaw says Kelowna,B.C.-based QHR is a natural complement to Shoppers Drug Mart business
Loblaw Companies is planning another acquisition in the health-care industry—offering $170 million to buy a B.C.-based company that provides secure medical records technology.
Loblaw says QHR is a “natural complement” to its Shoppers Drug Mart business—which operates Canada’s largest retail network of pharmacies.
QHR currently supports 7,700 health-care providers with a suite of secure medical records technology.
Its board of directors is supporting the Loblaw takeover bid but the deal requires approval from at least two-thirds of the votes cast by QHR shareholders at a special meeting to be held in October.