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October 2006
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eHealth Insider October 2006: Volume 7, Number 10
eHealth raises $61 MM in IPO...Perot takes hit on BCBS-RI...Trizetto to buy Plan Data...Chart: eHealth financials...HealthAxis posts 3Q06 net...Cerner 3Q06 net rises...eHealth, services stocks rise...and more...
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eHEALTH RAISES $61 MILLION IN IPO
Online insurance broker eHealth (Mountain View, CA) raised net proceeds of $61 million after underwriters’ commissions and expenses in an initial offering of 5 million share of common stock at $14 per share.
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PEROT TAKES $12 MMHIT ON BCBS-RI PACT
Perot Systems Corp. (Plano, TX) has agreed to give back $12 million to Blue Cross Blue Shield of Rhode Island (Providence) over four years after the health plan changed course on a new claims management system being installed.
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TRIZETTO TO BUY PLAN DATA MANAGEMENT
Trizetto Group (Newport Beach, CA) has signed a definitive agreement to acquire Plan Data Management (New York), which provides software to help payers manage revenues from Medicare and Medicaid.
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HEALTHAXIS REPORTS $317,000 3Q06 NET
HealthAxis (Irving, TX) reported third-quarter 2006 net income of $317,000 on revenues of $4.354 million, compared to a net loss of $511,000 on revenues of $3.843 million in the same period a year earlier. Through nine months, net loss was $411,000 on revenues of $12.385 million.
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