Publicly traded Emdeon, a claims clearinghouse and provider of financial management products for healthcare providers and payers, has announced that it intends to acquire privately held Chamberlin Edmonds & Associates, a provider of government program eligibility and enrollment services and personnel for healthcare providers.
The reported cost of the deal is $260 million, according to a news release from Nashville-based Emdeon.
The acquisition of Atlanta-based Chamberlin Edmonds was made to help Emdeon prepare for the impact of healthcare reforms and a growing number of Medicaid-eligible patients, according to the release. Medicaid eligibility is expected to expand to 55 million from 39 million people, the release noted.
With the acquisition, "Providers will have an enhanced platform to assist patients in applying for financial assistance programs and increase the likelihood of receiving payments for services to those patients," according to the release.