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HIT Vendors Expand in Acquisitions, Investments

Published
  • May 29 2014, 7:27am EDT
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Acquisitions by veteran health information technology vendors and new investments in emerging ones highlight recent HIT business announcements:

* Insurance systems vendor Ebix Inc. has acquired Healthcare Magic, which offers consumers an online platform to pose medical questions to 15,000 physicians in 50 specialties. Ebix paid $6 million in cash with a contingent earn out of up to $12.5 million payable in two years. Consumers pay for the service per use or via a subscription. HealthMagic also offers the service to employers overseas and Ebix will launch a business service in the United States. Healthcare Magic will become part of Ebix’s A.D.A.M. Health Division, a medical information content vendor for consumers, providers and insurers that was acquired in 2010.

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