Hearst Corp., the New York-based media and information company, said it reached an agreement to acquire the care guidelines business of Milliman, a Seattle-based actuarial and consulting firm. Milliman's care-guidelines business provides evidence-based clinical healthcare databases.
Financial terms of the deal were not disclosed in a news release (PDF) from the companies.
The care guidelines business will be part of Hearst's healthcare group, which includes Zynx Health and First Databank. The acquisition is expected to close in the fourth quarter of this year.