Revenue cycle management company Navicure will acquire healthcare technology company ZirMed, Louisville Business First reports.
Here's what you should know:
1. Navicare is buying ZirMed for $750 million.
2. The approximately 300 private ZirMed shareholders received cash for their stake and will own no part of the combined company.
3. The new company will provide revenue cycle technology to approximately 400,000 providers and healthcare organizations.
4. The companies will retain branding until the deal closes, potentially in the fourth quarter of fiscal year 2017.
5. ZirMed began a competitive bidding process in May 2017, as executives looked to sell the company.