BRAMPTON, ONT.—Loblaw Companies Ltd. is planning another acquisition in the health-care industry — offering $170 million to buy a B.C.-based company that provides secure medical records technology. The Canadian grocery and pharmacy giant is offering $3.10 cash per share of QHR Corp. of Kelowna, B.C. — 22 per cent above the stock’s closing price Friday on the TSX Venture Exchange. Loblaw says QHR is a “natural complement” to its Shoppers Drug Mart business — which operates Canada’s largest retail network of pharmacies. QHR currently supports 7,700 health-care providers with a suite of secure medical records technology.

Source: thestar August 22, 2016 13:18 UTC