Emdeon has entered into a definitive agreement to acquire Altegra Health, a national provider of technology and intervention platforms, for $910 million.
The merging of the two companies is expected to strengthen the existing capabilities of both organizations and also create new, innovative platforms that will address the opportunities and challenges created by the evolution of a more dynamic healthcare marketplace and regulatory landscape, according to a release.
Emdeon's Intelligent Healthcare Network reaches 700,000 physicians, 105,000 dentists, 60,000 pharmacies, 5,000 hospitals, 600 vendors, 450 laboratories and 1,200 government and commercial payers and processed approximately 8.1 billion transactions in 2014.
Altegra Health is headquartered in Miami Lakes, Florida, operates in all 50 states, Puerto Rico and the Philippines and offers its products and services nationally in partnership with several Medicare Advantage and Managed Medicaid health plans, as well as health plans operating on the rapidly expanding commercial healthcare exchanges.
The deal is expected to close in the third quarter of 2015.
Editor
Editor Beth earned a bachelor’s degree in journalism and master’s in health communication. She has worked in hospital, academic and publishing settings over the past 20 years. Beth joined TriMed in 2005, as editor of CMIO and Clinical Innovation + Technology. When not covering all things related to health IT, she spends time with her husband and three children.