KELOWNA, BC, Sept. 24, 2012 /CNW/ - (TSX-V: QHR) QHR Technologies Inc. ("QHR" or the "Company") a leader in the Canadian
Healthcare Information Technology sector, is pleased to announce that
Mr. Gordon "Stonie" Glenn has been elected as QHR's Chairman of the
board effective September 21, 2012.
Mr. Glenn has 35 years of corporate management experience in healthcare,
government information technology and transaction processing
industries, including 20 years at the senior executive level. Mr.
Glenn's specific areas of expertise include strategic planning,
organizational development, mergers, acquisitions and recapitalization
as well as investor/analyst relations in both USA and Canada.
Mr. Glenn was President and Chief Executive Officer of Catamaran
Corporation (formerly: SXC Health Solutions, Inc.) from 1998 to 2006
and then Chairman until his retirement in 2009. During this time,
Catamaran Corporation's market capitalization increased from $8M to
over $800 million. Prior to Catamaran Corporation, from 1988 to 1996
Mr. Glenn was the President & CEO of Computer Data Systems an
information technology firm with revenues of $250 million based in
Maryland, USA. Mr. Glenn was first appointed to the QHR Board of
Directors as of October 5, 2010.
QHR's former Chairman, Dr. Wigmore, a retired family practice physician,
has been actively involved with EMR systems development in Canada for
many years, having been the founder and former Chairman of National
Medical Solutions which was acquired by QHR in 2007. Dr. Wigmore was
first elected to the QHR Board of Directors on July 21, 2008, and
became Chairman on May 17, 2010, assisting the company with many of the
operational aspects of the business.
Mr. Glenn stated, "I personally, and on behalf of the board want to
thank Dr. Wigmore for his contribution as QHR's Chairman during a time
of tremendous growth and also for setting the stage for QHR's growth
during 2012 and beyond. We look forward to continue working together
as a board along with management in directing the continued growth of
Mr. Glenn also stated, "I have been involved with QHR for the past
couple of years, and believe that the growth potential not only in
Canada but also in the USA is significant. QHR has a strong foundation
of product, people and a culture of customer services and has built a
significant recurring revenue model, which gives the company a strong
financial platform to continue its growth."
For a more complete business and financial profile of the Company,
management encourages interested parties to visit the Company's
On behalf of the Board of Directors,
Al Hildebrandt, President and CEO
ABOUT QHR TECHNOLOGIES INC.
QHR operates two business units in distinct markets:
The Electronic Medical Records ("EMR") division offers a suite of
medical software modules that provides computer-based medical records
for over 9,000 family physicians, medical specialists, and surgeons, as
well as administrative modules for billing and patient scheduling, that
is a key component of the move throughout Canada to provide electronic
healthcare records for all Canadians. The company also hosts many of
these clients in its hosting facilities across Canada.
The Enterprise Management Software ("EMS") division specializes in
workforce management software, which consists of integrated payroll,
staff scheduling and human resource software, and in customized
financial management software built on the Microsoft Dynamics GP
platform. These products are targeted at complex healthcare, social
services and public safety markets.
Legal Notice Regarding Forward Looking Statements
This news release may contain "forward looking statements" within the
meaning of applicable Canadian securities legislation. These statements
are subject to risks that may cause the actual results to be materially
different in future periods from those expressed or implied by such
forward looking statement. Risks that may prevent or delay the forward looking statements from
coming to fruition include that we may not offer products that are
acceptable to industry regulators or customers; competitors may offer
better or cheaper products; we may not be able to raise sufficient
capital to improve products to remain competitive; changing regulatory
requirements may prevent our products from being sold as expected; we
may not be able to attract or retain key personnel; our technology may
become obsolete; orders could be cancelled or delayed and market
factors may increase our costs more than expected. QHR is a technology
business development enterprise where investment and product
enhancements must be carefully managed to achieve long-term revenue
growth and profitability. It is our policy not to update forward
looking statements except to the extent required under applicable
securities laws. Further information on the Company is available at www.sedar.com or at the Company's website, www.QHRtechnologies.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: QHR Technologies Inc.
For further information:
Al Hildebrandt, President & CEO
Jerry Diener, CFO