Misys Healthcare Systems has acquired Payerpath Inc., a private company that provides internet-based solutions for processing health claims. The purchase expands both companies' product lines. Specific details of the $49 million cash acquisition were not disclosed.
Misys will combine Payerpath's Richmond, Va.-based operations -- which currently processes about 50 million claims a year -- with its own electronic transactions clearinghouse, M. Transaction Services, which processes more than 420 million electronic transactions a year. The business will operate as Payerpath, A Misys Company, and will be headquartered in Richmond.