Privately held Regent Healthcare Systems has been acquired by Toronto-based Healthscreen Solutions Inc. for $1.3 million.
Based in New Westminster, Regent Healthcare provides management software for more than 1,000 medical practitioners in B.C.
As part of the deal, Regent will receive $1 million in cash and $300,000 payable in January 2009 in either cash or Healthscreen shares.
The deal expands Healthscreen's customer base to more than 5,300 physicians across the country.