Watertown, Mass.-based athenahealth Inc., which offers outsourced physician billing services and practice management/electronic health records software, will acquire Proxsys LLC, which offers outsourced services and proprietary software to manage the physician referral process.
Under the terms of the acquisition, expected to close during the third quarter of 2011, athenahealth will pay $28 million and up to $8 million more upon achievement of certain business and financial milestones.
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