MedCom USA, Scottsdale, Ariz., a developer of Web portals for patient eligibility checking and other financial transactions has announced its intention to purchase Absolute Medical Software Systems, Houston, and PayMed USA, Austin, Texas, developers of various software systems for physician-office practices, hospitals and ambulatory surgery centers, according to a news release.
A letter of intent has been signed and the deal should close in a couple of weeks, according to Michael Malet, executive vice president of MedCom. Financial terms were not disclosed.
Michael DeLaGarza, president and chief executive officer of Absolute Medical and PayMed, will become president of MedCom, now headed by Bill Williams, its president and CEO. Williams will remain CEO and board chairman, Malet said.