US healthcare service provider Molina Healthcare (NYSE:MOH) said on Tuesday it has signed a final agreement to buy the health information management (HIM) business of IT group Unisys (NYSE:UIS).
The purchase price, subject to a standard working capital adjustment, is expected to be some USD135m (EUR94.2m).
Molina will secure the deal via its credit facility.
The HIM business will complement the buyer's Medicaid health plan business and will expand the company's service and product portfolio.
The purchase is subject to customary regulatory approvals and closing conditions and is scheduled for completion in the first half of 2010.
Sector: Business and Consumer Services; Healthcare
Target: Health information management (HIM) business
Buyer: Molina Healthcare Inc
Vendor: Unisys Corporation
Deal size in USD: 135m
Type: Corporate acquisition
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