In its fourth corporate acquisition announcement in two months' time, health information technology vendor Ingenix said it plans to buy medical coding software maker A-Life Medical for undisclosed terms, according to a news release from the company.
Buying spree continues for Ingenix
San Diego-based A-Life Medical is the maker of a system that automates medical coding by scanning clinical documentation to identify diagnoses and procedures for billing purposes. The coding and billing processes are expected to become far more complex in 2013, when providers will be required to upgrade to the ICD-10 coding system.
Ingenix is owned by insurer UnitedHealth Group. A-Life and Ingenix have been working under a strategic alliance since last year, the release said. The deal between the two firms is expected to close in the fourth quarter of 2010, a spokesman said.
In the past two months, Ingenix has also announced plans to acquire health information technology maker Picis, of Wakefield, Mass.; software services firm Executive Health Resources, Newtown Square, Pa.; and health information exchange service provider Axolotl Corp., San Jose, Calif. The terms of none of those deals was disclosed.
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