HNC Software Inc. (Nasdaq: HNCS) announced April 12 it has acquired privately held Claimport, Inc.
Headquartered in Lenexa, KS., Claimport is a national electronic data interchange (EDI) vendor providing Web-enabled workers’ compensation injury reporting and proof of coverage services for more than 245 insurance carriers, third-party administrators, self-insured employers and state agencies which support claims processing for workers’ compensation. As a result of the decision, ClaimPort will be managed by HNC Insurance Solutions, a division of HNC Software, and the transaction will be treated as a purchase for accounting purposes.
In April 2000, HNC acquired Celerity Technologies Inc., a leading provider of network connectivity and EDI services for injury reporting, connecting employers, payors and state regulators.
HNC’s acquisition of ClaimPort adds to the company’s EDI client base of more than 380 payors, insurance carries, third party administrators (TPAs), employers and managed care organizations (MCOs).
Topics Mergers & Acquisitions
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