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Blues Plans, Lumeris Partner to Acquire NaviNet

Date:
Tuesday February 14, 2012

Company Name:
NaviNet

Company Website:
http://www.navinet.net

Categories:
Enterprise Software

Deal:
Acquisition

Source:
http://bit.ly/yu4YAH

Three of the nation’s leading Blue health plans that work with more than 70,000 physicians and hospitals to deliver care to more than 11 million people announced today they are partnering with health IT provider Lumeris Corp. to acquire NaviNet. NaviNet is the nation’s largest real-time communication network for physicians, hospitals, and health insurers.

Lumeris and the three Blues — Highmark, Horizon Blue Cross Blue Shield of New Jersey (Horizon), and Independence Blue Cross (IBC) — have signed an agreement to acquire NaviNet for an undisclosed price. The transaction is expected to close within 30 days, subject to customary closing conditions.