Industry | 2010.08.30
Ebix to Acquire Atlanta Based, Leading Health Technology Services Company A.D.A.M.
ATLANTA--(BUSINESS WIRE)--Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that it has signed a merger agreement with Atlanta based A.D.A.M., Inc. (NASDAQ: ADAM), a leading provider of health information and benefits technology solutions in the United States. Ebix will acquire A.D.A.M. on a debt-free basis for aggregate merger consideration of $66 million. Under the terms of the merger agreement,
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