Healthcare data processor and technology vendor WebMD Corp. has agreed to purchase Medifax-EDI, a Nashville, Tenn., firm that provides real-time patient eligibility verification and other claims management services, for $280 million in cash and assumption of debt.
The deal does not include the pharmacy services businesses of privately held Medifax-EDI, according to Elmwood Park, N.J.-based WebMD, which announced the acquisition Wednesday.
WebMD says it will fold the Medifax operations into WebMD Envoy, its healthcare transactions processing and clearinghouse unit. Envoy also is based in Nashville.
Medifax-EDI's eligibility verification contracts include several state Medicaid programs, WebMD says.
"Medifax-EDI provides a strong complement to the WebMD Envoy business that will immediately strengthen our services to the provider and payer community," WebMD President Roger Holstein says in a company statement.