Insurance software vendor Ebix Inc. will increase its health care industry presence by acquiring medical information content vendor A.D.A.M. Inc. for $66 million.

The price is high, as A.D.A.M. had $13.45 million in revenue during the first six months of 2010. But Ebix is a profit powerhouse with net income of $26.4 million during the first half of 2010 as revenue grew 48 percent to $63.8 million.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access