Job losses at Kelowna-based medical technology company owned by Loblaws

  • 📰 TerraceStandard
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Loblaws purchased QHR Technologies in 2016 for $170 million

Loblaws purchased the electronic medical records platform, through its wholly owned subsidiary Shoppers Drug Mart Inc, in 2016 for $170 million. In a statement to Black Press Media, QHR Technologies stated that this week the company went through a restructuring, impacting less than 10 per cent of staff nationally.

“Although this a relatively small number compared to QHR's 480 person team nationally, we do not take these decisions lightly,” the email stated. “We hope the experience gained at QHR will be a great asset to these individuals.” The specific number of workers affected in Kelowna was not included in the email, however, the website LinkeIn states there are 160 employees. The email also noted that over the past five years QHR Technologies has grown by over 70 per cent and that is is normal for businesses to expand and contract.

QHR Technologies is one of Canada's largest providers of electronic medical record systems, with over 20,000 physicians on the platform. Its patient app patient has connected over four million individuals to their doctors with data sharing, messaging, appointment booking, and video calls.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kelowna experiencing buyer’s market as real estate listings increaseBrendon Ogmundson, chief economist for the B.C. Real Estate Association, says Kelowna has experienced lower housing sales due to a sluggish economy.
Source: GlobalCalgary - 🏆 50. / 61 Read more »