MEDecision Purchased by HCSC of Chicago
MEDecision has become a wholly owned subsidiary (pdf) of the Health Care Service Corporation (HCSC) of Chicago. The final purchase price was around $121 million. The purchase was approved by MEDecision just a few days ago.
MEDecision provides software that is utilized by health insurance companies. These solutions support the care management of patients who have chronic disease. Availability of such will allow HCSC to further develop the array of technologic solutions available.
The acquisition of HCSC supports the company’s goal of being a leader in offering wellness and healthcare management. Tools owned by MEDecision will enhance the ability to address those costs related to management of healthcare.
HCSC is the largest customer-owned insurance company in the United States. Over twelve million Americans are covered by HCSC.
August 18, 2008 Related topics: Mergers & Acquisitions