Wednesday, December 19, 2007

HealthAxis Looks For Buyer

Healthaxis Inc., a developer of integrated business-process and benefit administration software for the health care payer community, revealed Wednesday that it is looking for a buyer. The Irving, Texas-based business said its board of directors has developed a formal procedure for evaluating various strategic options, including selling to or merging with a larger organization. Toward that end, Healthaxis said its board has retained the Ansley Capital Group, a Chicago-based financial advisory and management consulting firm. Ansley specializes in helping health care-related businesses explore their strategic options, Healthaxis noted. The company added that it will not release further details until a definitive agreement has been signed or until the process is suspended.