24/7 Wall St.
04-11-2008, 08:30 AM
24/7 Wall St. Daily News
TriZetto Group Inc. (NASDAQ: TZIX) is being acquired. Private equity firm Apax Partners will acquire health-care software company for $1.4 billion, or $22.00 per share. this represents a 25% premium to Thursday's closing price, and is slightly more than a 5% premium to the 52-week high of $20.85. Apax has made deals in the hospital and drug sectors, so this isn't its first prom dance. It appears that private equity money is still willing to look at deals in medical technology and information management that helps hospitals and medical companies. What is interesting is that BlueCross BlueShield of Tennessee and... http://feeds.feedburner.com/~f/typepad/RyNm?i=w455kCG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=w455kCG) http://feeds.feedburner.com/~f/typepad/RyNm?i=VTU9kFG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=VTU9kFG) http://feeds.feedburner.com/~f/typepad/RyNm?i=utYsjHg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=utYsjHg)
complete story here... (http://www.247wallst.com/2008/04/trizetto-gets-a.html)
TriZetto Group Inc. (NASDAQ: TZIX) is being acquired. Private equity firm Apax Partners will acquire health-care software company for $1.4 billion, or $22.00 per share. this represents a 25% premium to Thursday's closing price, and is slightly more than a 5% premium to the 52-week high of $20.85. Apax has made deals in the hospital and drug sectors, so this isn't its first prom dance. It appears that private equity money is still willing to look at deals in medical technology and information management that helps hospitals and medical companies. What is interesting is that BlueCross BlueShield of Tennessee and... http://feeds.feedburner.com/~f/typepad/RyNm?i=w455kCG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=w455kCG) http://feeds.feedburner.com/~f/typepad/RyNm?i=VTU9kFG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=VTU9kFG) http://feeds.feedburner.com/~f/typepad/RyNm?i=utYsjHg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=utYsjHg)
complete story here... (http://www.247wallst.com/2008/04/trizetto-gets-a.html)