Aetna announced this morning that it will acquire health information exchange vendor Medicity for $500 million. The Salt Lake City, UT company’s technologies serve over 760 hospitals, 125,000 physician users, and 250,000 end users.
“This acquisition will enable Aetna to offer a set of convenient, easy-to-access technology solutions for physicians, hospitals and other health care providers. That, in turn, can help improve the quality and efficiency of patient care,” said Mark T. Bertolini, Aetna CEO and president. “Strategically, we believe this acquisition will enhance Aetna’s capabilities and accelerate our growth in the health information technology and health information exchange space.”
“We are excited about joining Aetna, with the shared vision for improving the health care experience for all stakeholders,” said James K. ‘Kipp’ Lassetter, M.D., Medicity chairman and CEO. “The combination of Medicity’s connected health care platform for providers with the clinical decision support capabilities of Aetna’s ActiveHealth Management subsidiary can help physicians make better decisions in real-time as they collaborate and coordinate care.”
Medicity will operate as a separate Aetna business unit under the company’s current management.
Thanks to the anonymous HIStalk reader who tipped us off early – the same one who provided the earlier and equally accurate rumor that Ingenix would acquire Axolotl. I posted the teaser on Facebook last night after confirming the rumor, which I didn’t report in detail since it involves a publicly traded company.