QHR Technologies Raises $8 Million

Thursday, January 20th, 2011

QHR Software is pleased to announce that parent company QHR Technologies Inc. has successfully completed its previously disclosed public offering (see here). The offering was led by Paradigm Capital Inc. and includes Versant Partners Inc. and MGI Securities Inc. in a syndicate of agents.

This investment represents a strong show of support for QHR Technologies and its subsidiary companies, the success they have each had in the past and the direction they will be moving in the future. We are thrilled to start the year with this announcement as we look to make 2011 another successful year. Clients can feel comfortable knowing that QHR and its subsidiaries have solid backing and a bright future ahead. “This is a very positive sign for us as significant investors have recognized our track record of growth and future opportunities in the market.” says Al Hildebrandt, President and CEO of QHR Technologies.

The Company issued 12,307,700 units (“Units”) of the Company at a price of $0.65 per Unit for total gross proceeds of $8,000,005. Each Unit is comprised of one common share (“Common Share”) and one-half of one common share purchase warrant (each full warrant, a “Warrant”). Each Warrant entitles the holder thereof to subscribe for one Common Share at an exercise price of $0.90 per Common Share up to 4:30 p.m. (Pacific Standard Time) on the date that is 12 months after the date of issue, and at a price of $1.00 per Common Share thereafter at any time up to 4:30 p.m. (Pacific Standard Time) on the date that is 24 months from the date of issue.

The net proceeds from the Offering will be used primarily to reduce debt and for general corporate and working capital purposes, as more particularly set out in the Company’s final short form prospectus dated December 16, 2010.

About QHR Technologies Inc.

QHR Technologies 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 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 EMR division also provides on-site and off-site (ASP) hosting capabilities.

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 environments.

For a more complete business and financial profile of the Company management encourages interested parties to visit the Company’s website, www.QHRtechnologies.com and further information on the Company is available at www.sedar.com.