Ingenix, a data and technology unit of UnitedHealth Group, Minneapolis, agreed to acquire electronic data interchange company NWH for $54 million in cash. The deal, which requires shareholder and regulatory approval, is expected to close in the third quarter. It would mark UnitedHealth's third acquisition since December 2005. NWH is the publicly traded parent company of Electronic Network Systems, Colorado Springs, Colo., which facilitates data exchange between more than 185,000 providers and about 1,200 insurers, allowing them to send claims and payments electronically and to communicate online regarding patient eligibility, physician referrals and insurance authorization. NWH's president and chief executive officer, Terrence Cassidy, owns nearly 18% of the company. The companies said the deal would allow them to cross-market products and expand the healthcare industry's use of real-time electronic communication.
UnitedHealth unit to buy data interchange company
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