FirePower Capital Advises Omnimed.com in Connection with New Expansion Capital

FirePower Capital (“FirePower”), Canada’s entrepreneurial investment bank for the lower mid-market, is pleased to announce that it acted as the exclusive advisor to Omnimed.com (“Omnimed”), with regards to its recent debt capital raise completed with the Business Development Bank of Canada (“BDC”).

Xavier Boilard, CEO of Omnimed, engaged FirePower to raise the necessary capital to expand the functionality of its next-generation electronic medical records (EMR) software platform, in a bid to improve on its already impressive 25% market share in Quebec and make gains elsewhere.

“When we started working together, Omnimed was in the final stages of the transition of our platform from licensed to SaaS; as well, we were entering new, fast-growing business lines. This made it difficult for lenders to wrap their heads around our file. The FirePower team helped ‘translate’ our context into language that lenders understood, and got the deal done,” said Mr. Boilard.

FirePower arranged a subordinated debt structure that the Montreal office of the BDC financed.

About FirePower Capital
FirePower Capital is Canada’s entrepreneurial investment bank and focuses exclusively on advising private lower mid-market companies in Canada on their strategically important M&A and non-dilutive capital financing transactions. FirePower Capital is based in Toronto. To learn more: www.firepowercapital.com

About Omnimed
Omnimed is a family business whose dream of improving healthcare has been realized through the development of tools that foster collaboration, information exchange, efficient work ethics and access to medical knowledge. With its sharable electronic medical record and its social network of professionals, Omnimed brings together over a thousand physicians and other health care professionals who care for and support over 4.4 million patients. Find out more at www.omnimed.com

About BDC
Canada’s business development bank, BDC, puts entrepreneurs first. With almost 2,000 employees and more than 100 business centres across the country, BDC offers loans, consulting services, growth and business transition capital, securitization, as well as venture capital to more than 30,000 small and medium‑sized companies. Their success is vital to Canada’s economic prosperity. To learn more, please visit www.bdc.ca

For more information, please contact:

Ilan Jacobson, MBA
President & CEO
647.288.3333
ijacobson@firepowercapital.com
www.firepowercapital.com

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