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news.Healthscreen Solutions, a provider of electronic medical record software, has acquired New Westminster, British Columbia-based Regent Healthcare Systems.
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Under terms of the definitive agreement, Healthscreen agreed to pay a total of $1.3 million for Regent. Of the purchase price, $1 million has been paid to Regent’s shareholders upon closing and $300,000 is payable on January 4, 2009, either in cash or in Healthscreen shares.
According to Healthscreen, the acquisition of Regent takes the company’s customer base to over 5,300 physicians across the country, and provides the company with additional local support for its expansion into Western Canada.
Justin Belobaba, president and CEO of Healthscreen, said: “We are very excited to expand our operations into a new province, and begin offering our suite of value added services to Regent’s loyal base of over 1,000 medical doctors in British Columbia.”