Business
Regence, Tenn. Blues buy IT company
NEWS IN BRIEF — Posted May 5, 2008
Regence Group, an Oregon insurance company, and BlueCross BlueShield of Tennessee are joining a private equity firm in purchasing TriZetto Group, a health information technology firm.
TriZetto, based in Newport Beach, Calif., provides technology to health plans and benefit administrators that the company says touches half the insured population of the U.S.
Apax Partners, a British firm with offices around the world, will take TriZetto private in a deal estimated at $1.4 billion, subject to regulatory OK.
Regence is the parent company of Blues plans in Idaho, Oregon, Utah and Washington. Regence and the Tennessee Blues are customers of TriZetto.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2008/05/05/bibf0505.htm.
