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September 2006
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TRIZETTO TO BUY QCSI IN $134.2 MM DEAL
Trizetto Group (Newport Beach, CA) has announced a definitive agreement to acquire Quality Care Solutions Inc. (Phoenix, AZ) for $133 million in cash plus the assumption of $1.2 million in debt.
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SYSTEMS XCELLENCE 2Q06 NET RISES
Systems Xcellence Inc. (Milton, Ontario) saw its stock price close at $17.11 on Sept. 18, up 48% since completing its $38.7 million initial public offering in the U.S. in June.
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ZIX CUTS CASH BURN, REAFFIRMS OUTLOOK
Zix Corp. (Dallas) said it expects the company’s total negative cash flow to fall from $5.5 million in the second quarter of 2006 to $5 million for the entire year 2007, as a result of previously announced cost-cutting measures.
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UNITED PHYSICIANS OFFERS E-SCRIPT PROGRAM
Independent physician organization United Physicians (Bingham Farms, MI) said it is rolling out e-prescribing technology to its 1700 member physicians using technology from DrFirst (Rockville, MD).
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PREMARA BUYS SOFTWARE FROM INGENIX, TRIZETTO
Premera Blue Cross (Spokane, WA) will utilize claims editing software from health information company Ingenix, a subsidiary of UnitedHealth Group (Minnetonka, MN) under a multi-year contract.
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CAREFIRST TAPS TRIZETTO FOR CLAIMS SOFTWARE
Trizetto Group (Newport Beach, CA), announced that CareFirst Blue Cross Blue Shield (Bethesda, MD) will use its claims re-pricing software to automate the administration of provider contracts.
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eHealth Insider September 2006; Volume 7, Number 9
Trizetto to buy QCSI...Emdeon sell 51% of EDI unit...Systems Xcellence shares rise...Zix cuts cash burn...Emdeon sells practice unit...United Physicians e-scripts...Premera picks Ingenix...CareFirst taps Trizetto...eHealth, services stocks fall...and more...
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