PRINT THIS PAGE Apax to acquire TriZetto in $1.4bn deal11/04/2008. Source: AltAssets. 
Apax Partners has agreed to acquire California-based healthcare IT solutions provider TriZetto Group in a transaction valued at approximately $1.4bn. Trizetto customers health insurance firm BlueCross BlueShield of Tennessee and healthcare company The Regence Group are also investing in the company. Under the terms of the agreement, Apax will pay $22 per TriZetto share, a 29 per cent premium over the 30-day average closing price of the company's stock.
TriZetto's board of directors has approved the transaction.
Buddy Gumina, partner and head of US healthcare, Apax, said, 'We see the confluence of healthcare and information technology as a key area of focus for strategic investments. TriZetto represents a unique asset with a tremendous opportunity to drive positive changes in organised systems of healthcare, both in the US and abroad.'
Apax invests in companies in the technology and telecom, retail and consumer, media, healthcare and financial and business services sectors. Recent investments by the healthcare and technology and telecom teams have included General Healthcare Group, Capio, Apollo Hospitals, Qualitest Pharmaceuticals, Spectrum Laboratories, SMART Technologies and TDC A/S.
Copyright © 2008 AltAssets
|
