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Ebix Sustains HealthAxis Takeover Offer

Ebix's $.85/share offer, first made in late October, attempts to better BPO Management Services, Inc's bid to take over HealthAxis

Atlanta-based software and e-commerce solution provider Ebix has extended the validity of its offer of 85 cents per share to acquire HealthAxis, an Irving, Texas-based provider of healthcare-related business process outsourcing and other services to TPAs, insurers, managed care organizations and self-administered employers.

Originally made at the end of October, the $.85 offer was the fourth made by Ebix in an attempt to better an existing offer made by BPO Management Services, Inc. (Anaheim, Calif.) to take over HealthAxis. Ebix's first offer to HealthAxis was made in September, at which point HealthAxis was already in merger talks with BPO Management Services, Inc.

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio

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