03:50 PM EST - LMS Medical Systems Inc. : announced that its wholly owned subsidiary, LMS Medical Systems (Canada) Ltd., has sold its software for electronic obstetrical records with surveillance and archiving of electronic fetal monitoring information to an affiliate of McKesson Corp. Under the terms of the sale, LMS has obtained a perpetual royalty-free license from McKesson to continue to use, develop and distribute the Software outside of the McKesson Clinical customer base. LMS anticipates that the total value of the sale proceeds and related services fees will be up to $3 Million U.S., depending upon the extent of the services performed. LMS Medical Systems Inc.
shares T.LMZ are trading up $0.08 at $0.15.
