BCE Emergis Inc. and WARE Solutions Corporation announced that they have successfully closed the transaction whereby BCE Emergis acquired all of the issued and outstanding shares of WARE Solutions.
Under the terms of the agreement which was previously announced, BCE Emergis paid an aggregate of $4.95 million in cash at a price of $0.2848 for each issued and outstanding share of WARE. On January 15, 2004 WARE Solutions shareholders approved the transaction at a special shareholder meeting held in Calgary, Alberta.
WARE Solutions offers Web-based practice management software to health care providers, as well as claims processing and adjudication systems to payer organizations which will upgrade BCE Emergis’ adjudication platform, enhance its offering, and contribute to its growth strategy in the health claims sector in Canada.
“This transaction is a step forward in the execution of our growth strategy in the health care sector in Canada. It is consistent with our plan to invest in a dental and extended health adjudication platform to consolidate our leadership position in drug claims processing in Canada and to accelerate our expansion into the dental and extended health claims adjudication,” said Daniel Baron, president of BCE Emergis eHealth Solutions (Canada). “The addition of WARE’s highly-skilled team to our company and of its advanced technology to our portfolio, is an important milestone.”
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