Unisys to sell HIM business to Molina for $135M

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Unisys has signed an agreement to sell its health information management (HIM) business to Long Beach, Calif.-based health organization Molina Healthcare for approximately $135 million in cash.

According to the Blue Bell, Pa.-based company, the transaction is expected to close in the first half of 2010 and is subject to customary regulatory approvals and closing conditions, including receipt of customer consents.

The Unisys HIM business represents approximately $110 million in annual revenue, according to the company.