Healthcare Business News

Emdeon builds revenue-cycle business with Capario acquisition

By Bob Herman
Posted: June 25, 2014 - 12:30 pm ET

Emdeon has signed a definitive agreement to acquire Capario, a Santa Ana, Calif.-based healthcare technology firm that specializes in cloud-based revenue-cycle management.

Emdeon, Nashville, will pay $115 million in cash for Capario, which is backed by Los Angeles-based private investment firm Marlin Equity Partners.

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Emdeon President and CEO Neil de Crescenzo, a former Oracle Corp. executive, said in a news release that the transaction will further expand the company's payment solutions offered to healthcare providers. Emdeon processes about 7 billion transactions annually for hospitals, physicians, payers and other healthcare groups, according to the company.

“With our combined capabilities, Capario will enhance Emdeon's ability to provide a superior data-driven, patient-centric view of administrative elements of the care process, helping to improve outcomes and reduce cost,” he said.

Emdeon's revenue in 2013 hit $1.24 billion. Capario's annual revenue was about $40 million. Pending regulatory approval, the transaction will close in the third quarter.

Follow Bob Herman on Twitter: @MHbherman

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