On August 20, 2003, GE Medical Systems Information Technologies, a business of GE Medical Systems, acquired Triple G Systems Group, Inc. for approximately $78 million. Triple G, founded in 1991, provides laboratory information systems to enable healthcare professionals to automate their clinical data. The acquisition was accomplished by way of a capital reorganization approved by Triple G shareholders, pursuant to which a new class of Triple G exchangeable shares were created; all issued and outstanding Triple G common shares were changed into exchangeable shares; and the exchangeable shares were automatically transferred to GE Canada Enterprises Company upon the filing of articles of amendment for Triple G.
GE Medical Systems Information Technologies was represented by in-house counsel Robert Pothier, GE Medical Systems Information Technologies, and David Brennan, GE Canada Enterprises Company; and by McCarthy Tétrault LLP with a team that included Blair Cowper-Smith, Jasprit Gill, Peter Goode and Stevan Pepa (corporate/securities), Navin Khanna (intellectual property), Dan Black (employment), Gina Putman (real property), Gabrielle Richards (tax) and Oliver Borgers (competition).
Triple G was represented by Gowling Lafleur Henderson LLP, with a team led by Henry Harris and including Leslie Gord and Troy Krushel (corporate/securities), Tim Wach and Gloria Geddes (tax) and Eric Gross (regulatory).