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Harris Computer Systems completes C$30 million acquisition of MediSolution's RM Business

Date Closed

September 3, 2009

Lead Office

Montréal

Value

30.00 Million CAD

On September 3, 2009, Constellation Software Inc. announced that its wholly-owned subsidiary, Harris Computer Systems, purchased the Resource Management (RM) Business from MediSolution Ltd.

Total consideration for the transaction was approximately C$30 million, subject to certain purchase price adjustments and claims on representations and warranties. As a result of the purchase, Harris will assume all the customers and employees relating to the financial management, human capital management, and business intelligence solutions suites.

MediSolution will operate as a separate division of Harris from its existing facilities in Montreal, Laval, and Toronto. Under the terms of the purchase, Harris also acquired the MediSolution trade name. Harris did not acquire the blood bank product business that will continue under Brookfield Asset Management.

Constellation, headquartered in Toronto, Ontario, is an international provider of market leading software and services to a number of industries across both the public and private sectors.

Harris is a wholly owned subsidiary of Constellation and is a leading provider of financial management and Customer Information Systems (CIS) software solutions.

MediSolution, headquartered in Mississauga, Ontario, provides software solutions to healthcare and service sector customers across North America.

McCarthy Tétrault LLP represented Constellation, as acquiror, with a team led by George Maziotis and George Takach.

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