WELL Health to acquire NerdEMR
November 21, 2018
VANCOUVER – WELL Health Technologies Corp., a company focused on modernizing clinical and digital assets within the primary healthcare sector, announced it has entered into an agreement to purchase NerdEMR. NerdEMR provides OSCAR EMR services to approximately 220 clinics most of which are located in the province of British Columbia.
“We’re excited to welcome the very talented and committed staff of NerdEMR to the WELL Health family,” said Hamed Shahbazi (pictured), chairman and CEO of WELL Health Technologies. “NerdEMR is the leading OSCAR service provider in BC with approximately 220 medical clinics under contract. The closing of this transaction will catapult WELL into the National EMR marketplace with a premier asset.”
The total consideration payable by WELL in connection with the acquisition of NerdEMR and Butterfly is approximately $2.55 million.
“NerdEMR is thrilled to be joining WELL’s amazing team,” said Mike Thompson, CEO of NerdEMR. “WELL’s vision for improving healthcare with emerging technologies fits perfectly with NerdEMR’s goals of providing great service, better tools for physicians, and more efficiency in our customers’ businesses. We’re excited for what we will achieve together.”
Backed by legendary investor and business magnate Sir Li Ka-shing, WELL owns and operates Primary Healthcare Facilities in Canada. WELL’s overarching objective is to empower primary care doctors to provide the best and most advanced care possible leveraging the latest trends in digital health. WELL physicians serve hundreds of thousands of patient visits per year through its network of clinics. WELL is publicly traded on the TSX Venture Exchange under the symbol WELL.V. WELL Health Technologies was recognized as a TSX Venture 50 Company in 2018.
About “NERD” EMR
NerdEMR is the most trusted OSCAR service provider in British Columbia. NerdEMR serves approximately 220 clinics most of which are all in BC with SaaS (software as a service) products and services based on OSCAR. OSCAR is the “Open Source Clinical Application Resource” developed by McMaster University that was first developed at McMaster University by Dr. David Chan. It is continuously enriched by contributions from OSCAR users and the Charter of OSCAR Service Providers that support them.
For further information: WELL Health Technologies Corp., Hamed Shahbazi, Chief Executive Officer, Chairman and Director, Tel. (604) 628-7266, hamed@WELL.company, www.WELL.company; WELL Media Contact: Nadia Gillies, Tel: (778) 990-9202, Email: firstname.lastname@example.org