Deal snapshot: US EBIX ANNOUNCES USD66M STOCK DEAL TO BUY ADAM INC

US Ebix (NASDAQ:EBIX), a provider of software and e-commerce solutions to the insurance industry, said it had agreed to buy health information and benefits technology solutions firm ADAM (NASDAQ:ADAM) for USD66m (EUR52m).

Country: USA;

Sector: Healthcare; Computer Software

Target: ADAM Inc

Buyer: Ebix Inc

Deal size in USD: 66m

Type: Corporate acquisition

Financing: All-stock

Status: Agreed

Buyer advisor: LMC Capital

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