Thursday, July 17, 2008

MPV Acquires Massachusetts-Based TeraHealth

Medical Present Value Inc., an Austin, Texas-based publisher of payment-processing software for the health care industry, announced today that it has acquired TeraHealth, a developer of insurance and benefits verification applications for physician groups. Terms of the deal were not disclosed. Founded in 1995, TeraHealth is headquartered in Plymouth, Mass. MPV said TeraHealth will adopt MPV's name but remain in Plymouth. Additionally, MPV noted, TeraHealth's president and chief executive officer, John Donnelly, will join MPV as general manager of its eligibility product suite. MPV is venture backed by Care Capital, CenterPoint Ventures, Rho Ventures, STAR Ventures, and Techxas Ventures.