Canadian Healthcare Technology Logo
  • Issues
    • Current Print Issue
    • Print Archive
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Events
  • Vendors
  • About Us

GE Revolution Ascend

GE Revolution Ascend

Enovacom EPC

Enovacom EPC

Companies

Nightingale sells Canadian assets to Telus

July 20, 2016


Sam Chebib

MARKHAM, Ont. – Nightingale Informatix Corp. announced it has entered into a definitive agreement to sell its Canadian assets to Telus Health, Canada’s largest health IT company, for a purchase price of $14 million.

A significant portion of the asset sale proceeds will be used to repay the company’s secured debt, which currently totals approximately $10.4 million as well as other liabilities.

Nightingale will retain ownership of the intellectual property for its V10 (Nexia) EMR platform and rights to use its claims clearinghouse and the ability to use, commercialize or divest from such intellectual property in the global markets outside North America.

The sale represents a sale of substantially all of the company’s Canadian assets (other than its V10 EMR Platform) and requires shareholder approval in order to be completed.

“Telus Health is Canada’s most established provider of Health IT solutions. We share their vision for innovation, continuous improvement and the critical role technology continues to play in evolving the healthcare system in Canada,” said Sam Chebib (pictured), Nightingale’s CEO.

“Our customers can look forward to taking advantage of Telus Health’s wide range of products and expertise, backed by a world-leading telecommunications infrastructure.”

In the event that the transaction is ultimately approved and completed according to the terms of the Agreement, the company will retain ownership of its V10 (Nexia) software technology and rights to use its clearinghouse technology, as well as the rights to use, commercialize or sell its rights in this technology anywhere in the world excluding Canada. The company remains restricted from competing in the United States until October 2018.

The company’s Board of Directors, after consultation with its legal and financial advisors and having considered a number of alternatives, has unanimously determined that the Transaction is in the best interests of the company and its shareholders, is fair from a financial point of view, and is recommending that the shareholders vote in favour of the transaction.

About Nightingale

For more than a decade, Nightingale (TSX-V: NGH) has been delivering innovative cloud-based Electronic Health Record (EHR), Practice Management and Claims Clearing House solutions to healthcare organizations across Canada. Our goal is to uncomplicate the day-to-day challenges of healthcare providers. We achieve this by creating software that is truly intuitive – minimizing training and maximizing adoption. We believe so strongly in building easy-to-use software that we structured our entire product team around user-centric design. Our clients are benefiting from this focus through a well-supported and robust solution that presents a holistic view of a person’s well-being in a simple, clean interface, so that the best health decisions can be made. Nightingale – One Patient. One Record. Please visit www.nightingalemd.com.

PreviousNext

CHT print [900×150]

CHT print [900x150]

News and Trends

  • NS improves care by deploying Command Centres
  • Panel identifies threats from faxes, snooping, cyber-attacks
  • Bringing portable X-ray imaging to Canada’s remote communities
  • In Ontario, real steps are being taken to reach EHR interoperability
  • Care-givers need improved technology to reduce stress in the LTC sector
More from the Print Edition

Subscribe

Subscribe

Free of charge to Canadian hospital managers and executives in nursing homes and home-care organizations. Learn More

Follow us on Social Media!

Follow us on Social Media!

Softworks

Softworks

Nihi Spring 2023

Nihi Spring 2023

Advertise with us

Advertise with us

Sectra [Feb]

Sectra [Feb]

Change Healthcare [2]

Change Healthcare [2]

Infoway [March2023]

Infoway [March2023]

Zebra [Mar2023]

Zebra [Mar2023]

RealTime

RealTime

CHT print [900×150]

CHT print [900x150]

Advertise with us

Advertise with us

Sectra [Feb]

Sectra [Feb]

Change Healthcare [2]

Change Healthcare [2]

Infoway [March2023]

Infoway [March2023]

Zebra [Mar2023]

Zebra [Mar2023]

RealTime

RealTime

Contact Us

Canadian Healthcare Technology
1118 Centre Street, Suite 207
Thornhill, Ontario, Canada L4J 7R9
Tel: 905-709-2330
Fax: 905-709-2258
info2@canhealth.com

  • Quick Links
    • Current Print Issue
    • Print Archive
    • Events
    • Vendors
    • About Us
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Resources
    • White Papers
    • Writers’ Guidelines
    • Privacy Policy
  • Topics
    • Administrative Solutions
    • Clinical Solutions
    • Companies
    • Continuing Care
    • Diagnostics
    • Education & Training
  •  
    • Electronic Records
    • Government & Policy
    • Infrastructure
    • Innovation
    • People
    • Privacy and Security

© 2023 Canadian Healthcare Technology

The content of Canadian Healthcare Technology is subject to copyright. Reproduction in whole or in part without prior written permission is strictly prohibited. Send all requests for permission to Jerry Zeidenberg, Publisher.

Search Site

Error: Enter a search term

  • Issues
    • Current Print Issue
    • Print Archive
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Events
  • Vendors
  • About Us