Blue Cross Blue Shield of Michigan (BCBSM) has acquired ikaSystems, a provider of enterprise, cloud-based business process and automation solutions for health insurers.
Under the terms of the agreement, ikaSystems will operate as an independent subsidiary of BCBSM. It will remain headquartered in Boston.
“Over the past several years, ikaSystems has proven its ability to deliver flexible and innovative solutions that create meaningful differentiation and has enabled BCBSM and others navigate a challenging environment in health care,” said Mark Bartlett, BCBSM executive vice president, chief financial officer and president of emerging markets. “As we contemplated services to help health payers thrive, we knew that ikaSystems presented an outstanding opportunity to start with a world-class foundation.”
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