Healthcare Business News

Eyeing new healthcare business models, payers software companies in deal

By Modern Healthcare
Posted: December 11, 2012 - 3:15 pm ET

HealthEdge, a healthcare analytics and software specialist, is eyeing a growing need among payers for real-time market information and support for new healthcare business models in a deal to acquire Click4Care.

Terms of the deal were not disclosed in a news release from Burlington, Mass.-based HealthEdge, but the acquisition is expected to close this month, pending shareholder approval.

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Psilos Group, a New York-based private-equity firm, is HealthEdge's largest shareholder and is also an investor in Click4Care, according to the release. The acquisition will allow HealthEdge to "fully support next-generation healthcare business models, including accountable care organizations, value-based benefits, health insurance exchanges and pay-for-performance," the company stated.

HealthEdge offers claims and benefits administration software and tools to allow for real-time data analysis. Click4Care, similarly, offers claims analytics tools.

An earlier version of this story misidentified Click4Care as a HealthEdge competitor.

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