Emergis pays $17.5M for NDCHealth Canadian claims processing, pharmacy systems

Friday 18 March 2005 00:13 CET | News

E-commerce firm Emergis Inc. is paying $17.5 million for the Canadian claims processing and pharmacy systems businesses of NDCHealth Corp. of Atlanta.

The claims business offers drug and dental insurance claims services to insurance carriers and adjudicators, while the pharmacy business offers technology to pharmacies, according to Montreal-based Emergis. The two transactions are expected to generate about $10 million in additional revenue annually. NDCHealths Canadian claims processing business, based in Toronto, supports the electronic exchange of more than 70 million drug and dental insurance claims annually between health providers and insurance or adjudication companies. The Canadian pharmacy systems business, based in Vancouver, automates prescription fulfilment and in-store operations. Emergis estimates that the number of pharmacies for which it provides technology will increase by about 500 to about 2,400. NDCHealth told the Associated Press the sale is part of its strategy to focus its businesses more narrowly on the U.S. market, adding officials would use the proceeds to pay down its senior debt.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce