|
|
Article: National Data buying health care processing firm.(CIS Technologies Inc.)(Brief Article)
- Article from:
- American Banker
- Article date:
- April 18, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
National Data Corp., Atlanta, a leading transaction processor, said it has a definitive agreement to buy CIS Technologies Inc., a major provider of products and services for health care organizations.
The stock deal would be worth $97 million at Monday's closing price, National Data said. The agreement is subject to approval by CIS shareholders.
National Data has been rapidly expanding its medical processing business during the past several years. It is one of the nation's largest processors of electronic claims for health care.
Tulsa, Okla.-based CIS is the nation's largest independent ...