Dallas — Affiliated Computer Services Inc. (ACS), Dallas, announced an agreement to acquire CompIQ Corp., an Irvine, Calif.-based provider of workers' compensation claims review, re-pricing and software solutions. The acquisition for $22 million, plus contingent payments based on future financial performance, is expected to close in May 2008, subject to customary conditions. The transaction will be funded with a combination of cash on-hand and borrowings under ACS' existing credit facility.
CompIQ is a national provider of medical bill review and cost-containment services for the workers' compensation, group health and liability insurance industries.
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