Mergers & Acquisitions: Accuro buys CDM group; shareholders approve Philips Intermagnetics buy

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Revenue cycle management software provider Accuro Healthcare Solutions purchased CDM Services Group, a seller of chargemaster management software and consulting services. Accuro plans to grow its chargemaster software tools and consulting services through the capabilities of CDM Services Group.

Intermagnetics shareholders approved the merger with Philips that was originally announced in June. The acquisition is expected to close in Q4. The transaction is still subject to regulatory approval by the European Commission and other requirements. Intermagnetics’ core focus is MRI components, while its subsidiary Invivo provides MR accessories, and Invivo Patient Care sells monitoring and other patient care devices.