Aetna to acquire Medicity for $500M

Mary Stevens | | Health Exec | Informatics
Aetna has entered into an agreement to acquire Medicity, a health information exchange (HIE) technology company, for approximately $500 million.

Medicity offers products and services that enable health systems, hospitals, physician practices and HIEs to access and exchange healthcare information. The Salt Lake City-based company markets its products and services nationwide.

Medicity’s HIE technology is used in more than 760 hospitals, by 125,000 physicians and 250,000 end users. Medicity’s technology platform, combined with Aetna resources, will allow development of new business offerings, according to Aetna, a Hartford, Conn.-based insurance provider.

Medicity will operate as a separate business within Aetna, under its existing leadership structure.

The transaction is subject to customary closing conditions, including Hart-Scott-Rodino antitrust regulatory approval, and is projected to be neutral to Aetna’s financial results in 2011, Aetna stated.

 

Mary Stevens

Related Content

Alabama security breach exposes personal information of cardiologists, heart patients
AI helps cardiologists deliver personalized healthcare—but there is still plenty of work to do
Best in KLAS 2024: New rankings for cardiovascular information systems, hemodynamic solutions
Best in KLAS 2024 rankings released, showcasing medical imaging IT systems
Cloud image storage for radiology is a growing trend in healthcare
Indiana hospitals reduce nuisance alerts by 77% with medication decision support software

Around the web

Cardiovascular Business
Payment cuts and beyond: Key takeaways for cardiologists from the 2025 Medicare Physician Fee Schedule

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

AI in Healthcare
A modest proposal to rally AI regulators around a simple game plan

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”

Cardiovascular Business
FDA commissioner urges clinicians to join fight against medical misinformation

FDA Commissioner Robert Califf, MD, said the clinical community needs to combat health misinformation at a grassroots level. He warned that patients are immersed in a "sea of misinformation without a compass."

Design by Adaptive Theme
Trimed Popup
Trimed Popup