McKesson Corp. will acquire payer software vendor Portico Systems Inc. to further position itself for accountable care organizations and other new care delivery and reimbursement models.
The companies did not disclose the acquisition's value, but Portico investor Safeguard Scientifics said the deal is worth $90 million.
Blue Bell, Pa.-based Portico sells software to help health insurers manage their provider networks. The software supports contracting, recruiting, credentialing, relationship management, provider self-service, provider directories and secure messaging. The company's technology supports 33 networks covering about 42 million lives.
McKesson will combine this technology with existing applications from its Health Solutions and Relay Health divisions that manage point-of-care decision support, care management, policy automation, claims auditing, fraud and abuse, transactions processing and health information exchange.
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