Mitchell to buy Ingenix's medical review businessPosted On: Oct. 20, 2010 12:00 AM CST
SAN DIEGO—Mitchell International Inc. on Wednesday said it has agreed to purchase Eden Prairie, Minn.-based Ingenix Inc.’s property/casualty medical bill review business.
San Diego-based Mitchell said the purchase will boost its workers compensation business, which provides insurance payers with claims cost-containment technologies and services.
Terms of the deal were not disclosed, but the companies said they will collaborate on future projects.
“Today’s announcement is good news for Mitchell, Ingenix and our respective customers,” Alex Sun, president and CEO of Mitchell, said in a statement. “This purchase further exemplifies our commitment to key, strategic relationships and investments that enable us to develop and deliver the industry’s leading technology solutions to the P/C market.”