Raymond James' health care investment banking group in Nashville acted as the financial advisor to Axolotl Corp. in its sale to United Health Group subsidiary Ingenix Inc. The deal closed yesterday. San Jose-based Axolotl develops and implements health information exchanges for states, communities, hospitals and health systems. Combined, the companies will work on teh development of a nationwide health information technology infrastructure. The Raymond James team was the exclusive financial advisor to Axolotl, advising on the transaction's structure, the negotiation of terms and the final purchase agrement.
Aug 18, 2010 7:02 AM
One of the country's top insurers says it is opening up its electronic claims network to firms other than Nashville-based Emdeon — the first being a unit of UnitedHealth. The move could knock some of the wind out of the sails of newly public Emdeon shares (Ticker: EM), which are up almost 20 percent from offering price.
Aug 21, 2009 7:45 AM