Canadian telecommunications company Telus has entered into an agreement to acquire data processing company Emergis for over $763m to enhance its electronic healthcare services.
Telus operates in the wireless and wireline segment and has been losing revenue in its local phone unit due to slow subscriber growth in mobile phones. The company has lost customers to cable rivals like Roger Communications, which offer bundled services with television, internet, and phone. With the acquisition of Emergis, the company gains a key platform to expand its operations in the electronic healthcare market.
According to the Canadian Press, Joe Natale, president of business solutions at Telus said: Together we intend to promote the development of the electronic health record and create a stronger information backbone that helps health-care providers work together more effectively for the benefit of patients, providers and payers.
Telus’s health care business is stronger in western Canada while Emergis has a presence in the eastern part of the country. The company said that with the rise in cost in health care it is looking to complement its industry solutions with the expertise, applications, and customer base in Emergis.
Source: ComputerWire daily updates