QHR Corporation and Loblaw Companies Limited complete C$170M acquisition

Date Closed

October 13, 2016

Lead Office



170.00 Million CAD

On October 13 2016, Loblaw Companies Limited, through its wholly-owned subsidiary Shoppers Drug Mart Inc., completed its acquisition of QHR Corporation. The all-share acquisition was completed by way of a plan of arrangement under section 192 of the Canada Business Corporations Act. As a result of the arrangement, QHR is now a wholly-owned subsidiary of Shoppers Drug Mart Inc.

QHR is a Canadian healthcare technology company and a leader in the electronic medical records market, bringing innovation to the healthcare system for providers and their patients.

Loblaw Companies Limited is a Canadian retail leader, with more than 2,400 independent and corporate-owned grocery stores and pharmacies.

McCarthy Tétrault LLP advised QHR Corporation with a team consisting of Cameron Belsher, Genevieve Pinto, Pavan Jawanda, Claire Sung and Glynnis Morgan (Corporate/M&A), TJ Kang and Brian O’Neill (Tax) and Vincent Yip (Intellectual Property).