Emdeon, a provider of revenue and payment cycle management solutions for the healthcare industry, has acquired GE Healthcare IT’s patient statement business. No financial terms were disclosed. Emdeon is in registration for a $460 million IPO, and is backed by General Atlantic and Hellman & Friedman.
Emdeon, a leading provider of revenue and payment cycle management solutions for the healthcare industry, announced today that it has acquired GE Healthcare Information Technology’s patient statement business, a bulk printing and mailing services provider. Terms of the agreement were not disclosed.
The acquired business currently serves more than 400 hospitals and physician groups, providing timely delivery of correspondence such as statements, invoices, claims and appointment reminders for patients. The acquisition also strengthens Emdeon’s position as a preferred vendor partner for GE Healthcare’s IT business. GE Healthcare IT’s customers will have access to Emdeon’s leading suite of integrated print and electronic patient billing services, return mail management, eCashiering, lockbox services and other patient communications.
“This acquisition demonstrates Emdeon’s commitment to delivering industry leading revenue cycle management solutions for our customers,” said George Lazenby, CEO of Emdeon. “We look forward to furthering our relationship with GE Healthcare and continuing to serve GE Centricity™ providers.”
“We’re pleased to extend our relationship with Emdeon in an effort to meet the changing needs of our customers and market,” says George Langdon, Vice President and General Manager, GE Healthcare IT’s patient statement business. “Emdeon’s depth of healthcare communications services will provide additional value for our installed base.”
Emdeon is a leading provider of revenue and payment cycle solutions that connect payers, providers and patients to integrate and automate key business and administrative functions throughout the patient encounter. Through the use of Emdeon’s comprehensive suite of products and services, its customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle process. Emdeon is owned by General Atlantic LLC and Hellman & Friedman LLC. For more information, visit http://www.emdeon.com.