Ebix, which supplies software and e-commerce services to the insurance industry, has acquired HealthConnect Systems, an online health insurance and employee benefits exchange.
Ebix buys HealthConnect Systems
Atlanta-based Ebix did not disclose financial terms of the acquisition in a news release about the deal but said the company funded the transaction in cash using its bank debt line.
HealthConnect Systems, which is based in Norwalk, Conn., works with medical and ancillary carriers and service providers as well as with health insurance agents and employers. The company, which says it processes 12,000 quote requests per day, will be integrated into the EbixHealth division.
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