KELOWNA, BC – QHR Technologies Inc. has announced its plans to purchase all of the healthcare assets of Jonoke Software Development Inc.., including its proprietary Electronic Medical Record software.
The all-cash purchase price is tied to an earn-out paid over a period of time during which QHR and Jonoke will be working together to transition Jonokes clients to QHRs Accuro EMR system. The earn-out is estimated to be under $500,000 over a three year period.
Jonoke is a privately owned company based in Edmonton, Alberta, with a current client base of over 750 physicians located in Alberta, Manitoba and Ontario which currently generates approximately $1 million in annual support revenues for the Jonoke products.
QHR intends to transition these clients to its Accuro platform and, in an effort to ensure a smooth transition and maintain customer support, QHR has offered to employ six of Jonokes employees.
The agreement provides that Jonoke clients will be encouraged to upgrade to Accuro EMR and, with the combined experience of both the Accuro and Jonoke product teams working together, QHR is confident that customers’ data can be transferred and clients trained on how to use Accuro in a seamless transition.
The Jonoke clients that agree to the Accuro transition will be able to take advantage of the additional features and modern user interface of Accuro, and also be in good standing with the OntarioMD CMS program, since QHR is an approved vendor for both on-premise installs and hosted SaaS solutions.
“The Jonoke clients were looking for answers as to the future of their software. We are here to offer them the best EMR platform in Canada, and help them transition smoothly with the direct help of Jonoke staff working together with our teams,” said Mike Checkley (pictured), President of QHR.
“We have done many successful transitions from other vendors in the market, and I am excited to see Jonoke as part of our growth story,” said Al Hildebrandt, QHR’s CEO. “This asset purchase is another example of our ability to execute one component of our growth strategy, through acquisition opportunities.”
QHR intends to maintain the existing Jonoke operations in its Edmonton office to provide Jonoke client support and assist with transitions. Jonoke clients will see communication and product demonstrations over the coming months to answer their questions and plan their transitions.
QHR has recently transitioned several Jonoke clients, so it already has experience with the Jonoke software, clients and data sets. These clients are positive references for QHR, allowing other Jonoke clients to gain from their experiences.
About QHR Corporation
QHR is a leader in healthcare technology, empowering providers and connecting patients. With an 11-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 and drive the company’s growth. The company’s technologies and services enable secure medical records management for clinical environments, empower health providers with tools for virtual care including secure video and messaging and 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.