The stockholders of NWH, Inc. (Nasdaq: NWIR) (NWH), the parent company of health care payer services organization, Electronic Network Systems, Inc. (ENS), has approved the company’s acquisition by Ingenix, Inc. (Ingenix).
In 25 May 2006, NWH and Ingenix has entered into a definitive agreement under which Ingenix agreed to acquire all of the outstanding shares of NWH for a cash price of $18.24 per share, or approximately $54 million.
Ingenix, a wholly-owned subsidiary of UnitedHealth Group (NYSE: UNH) is a provider of products and services to a diverse customer base within the health care community.
On the other hand, NWH, Inc. is a holding and strategic resource company that owns and operates Electronic Network Systems, Inc. (ENS), which offers Internet and e-commerce connectivity between thousands of health care providers such as physicians, hospitals, clinics, practice management software vendors and third-party commercial payers.
The acquisition is expected to close August 9, 2006, after which, NWH will become a wholly-owned subsidiary of Ingenix.
Source: PR Newswire
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