McKesson to acquire Portico Systems
McKesson has signed a definitive agreement to acquire healthcare services provider Portico Systems.
The acquisition will allow McKesson to bring together financial management competencies for payors and accountable care organizations that include the claims auditing and decision management tools, stated the San Francisco-basde company.
Portico's Integrated Provider Management (IPM) platform simplifies the design, maintenance, reimbursement, and performance management of provider networks. The Blue Bell, Pa.-based company will add integrated provider management and value-based reimbursement tools to the McKesson portfolio to help automate network management, provider enrollment, credentialing, contracting and pricing.
The parties expect to complete the transaction in the next 45 days, subject to the satisfaction of customary conditions, including receipt of all necessary regulatory clearances, according to McKesson. Financial details of the agreement were not disclosed.
The acquisition will allow McKesson to bring together financial management competencies for payors and accountable care organizations that include the claims auditing and decision management tools, stated the San Francisco-basde company.
Portico's Integrated Provider Management (IPM) platform simplifies the design, maintenance, reimbursement, and performance management of provider networks. The Blue Bell, Pa.-based company will add integrated provider management and value-based reimbursement tools to the McKesson portfolio to help automate network management, provider enrollment, credentialing, contracting and pricing.
The parties expect to complete the transaction in the next 45 days, subject to the satisfaction of customary conditions, including receipt of all necessary regulatory clearances, according to McKesson. Financial details of the agreement were not disclosed.