Navigation Links
Claimsnet to Acquire Acceptius
Date:12/13/2007

Acquisition Will Extend Product Offering to Healthcare Customers

DALLAS, Dec. 13 /PRNewswire-FirstCall/ -- Claimsnet.com (OTC Bulletin Board: CLAI), a leading provider of electronic transaction services to the Healthcare industry, announced today that it has entered into an agreement to acquire substantially all the assets of Acceptius, Inc., also located in Dallas, Texas. The agreement is subject to due diligence and is structured as an asset purchase for stock and a minimal amount of cash. It is anticipated that the transaction will close in early January 2008, and that when completed will add approximately 35% to the revenue of Claimsnet. The parties are in agreement as to the terms and conditions. The transaction is also subject to the approval of Acceptius shareholders, and such approval is now being obtained.

Acceptius, based in Dallas, Texas, will be a strategic addition to Claimsnet's transaction processing suite of services for the Healthcare industry and includes paper conversion and claims repricing. The acquisition will extend Claimsnet's claims processing capabilities and increase the company's client base allowing a more complete service offering.

"This will be a major step forward for our company as it will boost our growth. We look forward to continuing to scale that growth, both by organic and strategic acquisition opportunities," said Don Crosbie, chief executive officer of Claimsnet

Claimsnet has had for a number of years an existing business relationship with Acceptius and following the anticipated completion of the transaction looks forward to serving the combined customer base with a more complete health care service offering.

About Claimsnet.com -- Claimsnet is a leading provider of electronic transaction services for the healthcare industry. Headquartered in Dallas, Claimsnet offers services that are distinguished by ease of use, customer care, security and measurable cost advantages. More information on Claimsnet can be found at the Company's web site at http://www.claimsnet.com.

Safe Harbor Statement Under the Private Securities Litigation Act 1995 -- With the exception of historical information, the matters discussed in this press release are forward looking statements that involve a number of risks and uncertainties. The actual future results of the company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to, maintaining access to external sources of capital, regulatory actions, success of marketing strategies, actions of the Company's competitors, dependence on business partners and distribution channels, and continued use of the Internet. Further information on the Company's risk factors is contained in the Company's quarterly, annual, and other periodic reports as filed with the Securities and Exchange Commission.


'/>"/>
SOURCE Claimsnet.com
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Claimsnet Signs Electronic Transaction Services Agreement With Employee Benefit Services of San Antonio
2. Cogdell Spencer Inc. Acquires Summit Professional Plaza I and II in Brunswick, Georgia
3. Omnicom Acquires Leading Healthcare Marketing Communications Firm in China
4. Food Bank For New York City Acquires FoodChange
5. Planet Technologies Announces Agreement to Acquire Antigen Laboratories
6. Simcere Pharmaceutical Group Acquires a 51% Stake in Boda Pharmaceutical Co., Ltd.
7. UTC Power Acquires Dome-Tech Group
8. AMERIGROUP to Acquire Memphis Health Plan
9. Concentra Acquires Assets of Renew Health & Wellness
10. DaVita Acquires Majority Stake in HomeChoice Partners, Inc.
11. NNN Healthcare/Office REIT Acquires St. Mary Physicians Center in Long Beach, California
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/19/2017)... ... January 19, 2017 , ... ... CTMS, which provides a modern CTMS workflow designed to seamlessly integrate and streamline ... been condensed to a single page, maximizing usability and improving efficiency significantly for ...
(Date:1/19/2017)... ... 2017 , ... Workrite Ergonomics announced this week the launch ... panel system was designed to deliver the ideal blend of acoustic and visual ... the visual privacy required to maintain concentration levels and increase productivity. The tranquility ...
(Date:1/19/2017)... Savannah, GA (PRWEB) , ... January 19, 2017 ... ... that offers asset protection and financial planning services to communities throughout eastern Georgia, ... the fight against heart disease. , Heart disease kills more Americans every year ...
(Date:1/19/2017)... ... 2017 , ... Attorney Robert “RC” Pate , founder of The Law ... Triumph Over Kid Cancer foundation. Each year, 175,000 children are diagnosed with pediatric cancers. ... the effect of the critical funding gap for research into pediatric cancer research. From ...
(Date:1/19/2017)... ... 2017 , ... Bill Howe Plumbing, Heating & Air in San Diego announces ... Healthy is Your Heart Drawing Contest The drawing contest asks children to draw ... Heating & Air receives over 600 entries. The culmination of the joint effort will ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... RATON, Fla. , Jan. 19, 2017 /PRNewswire/ ... a medical device company specializing in the treatment ... such as keloids, with superficial radiation therapy, today ... and full year 2016 financial results on Thursday, February ... The Company will hold a conference call with ...
(Date:1/19/2017)... LONDON , January 19, 2017 ... New Therapeutic Option to Address Motor Symptoms and ... ...      (Logo: http://photos.prnewswire.com/prnh/20151014/276718LOGO) ... Fabrizio Stocchi , European Neurological Review,2016;11(Suppl. 2): 2-15, ...
(Date:1/19/2017)... The Global Therapy Partnering Terms and Agreements ... deals and agreements entered into by the world,s leading ... Top deals by value - Deals listed by company ... The report provides understanding and access to the partnering ... healthcare companies. The report provides an analysis of ...
Breaking Medicine Technology: