Emdeon, a provider of healthcare revenue and payment cycle management solutions, has acquired GE Healthcare IT’s patient statement business, a bulk printing and mailing services provider.

Terms of the agreement were not disclosed.

The acquired business currently serves more than 400 hospitals and physician groups, providing delivery of correspondence such as statements, invoices, claims and appointment reminders for patients, according to the Nashville, Tenn.-based company.

Emdeon said GE’s customers will have access to its suite of integrated print and electronic patient billing services, return mail management, eCashiering, lockbox services and other patient communications.