Ingenix, the Eden Prairie, Minn.-based information technology subsidiary of health insurer UnitedHealth Group, has signed a definitive agreement to acquire Picis Inc., which sells clinical and financial information systems for high-acuity areas of hospitals. Terms of the acquisition, expected to close in the third quarter, were not disclosed.
Wakefield, Mass.-based Picis' systems cover emergency, surgical and intensive care departments, with installs in 1,900 sites in 19 nations. Ingenix is best known for its coding and revenue cycle management software, claims clearinghouse services and data analytics technologies, but also sells ambulatory practice management and electronic health records systems.
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