The stock price of revenue cycle management vendor Emdeon Business Services rose 22 percent in heavy trading on July 27, then dropped 7 percent in even heavier morning trading on July 28 following reports that the Blackstone Group equity firm is in talks to buy Emdeon for more than $3 billion.

The Wall Street Journal first reported the negotiations and other business publications quickly picked it up. Bloomberg noted that Emdeon, with $1 billion in sales last year, has only been a public company for two years.

Nashville, Tenn.-based Emdeon is best known for its claims clearinghouse operation--the largest in the industry--that processes hospital, medical, pharmacy and durable medical equipment claims, as well as related administrative and financial transactions, and also electronic prescriptions and laboratory requests and results.

The company also offers claims auditing software and consulting services to insurers, and a suite of revenue cycle management services and software to providers such as accounts receivables, managing medical denials and appeals, and billing and collections.

 

Register or login for access to this item and much more

All Health Data Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access