Nightingale expands in U.S. with purchase of Medrium practice management unit

MARKHAM, Ont. – Nightingale Informatix Corp. (TSXV:NGH) has acquired a business that provides web-based services to about 1,500 health-care practitioners in the United States.

As part of the US$1.75-million cash deal to buy the business from Medrium Inc., the Toronto-area electronic medical records company adds a development team in Quebec and an office in California.

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Nightingale said it will borrow the money to finance the transaction.

The company, headquartered in Markham, Ont., said the Medrium business serves small- and medium-sized clinics. It generates about US$2.3 million of annual recurring revenue.

The deal comes on the heals of a major contract win for Nightingale. Under the agreement with the Association of Ontario Health Centres, its software will be used by about 3,500 health-care providers in 83 centres across the province.