Medsynergies Optum

BREAKING: Optum buying MedSynergies

MedSynergies, a privately-held company headquartered in Irving, Texas, provides billing, collections, revenue-cycle and other business and consulting services to more than 9,000 physicians and healthcare professionals. It had about $100 million in revenue in 2012, its most recent available data. The company also has several joint ventures with large health systems, including Texas Health Resources, Arlington, and Catholic Health Initiatives, Englewood, Colo.

“This relationship will position Optum to be an even stronger, more valued partner to care providers as they evolve, adapt and pursue new opportunities in a changing environment,” Optum CEO Larry Renfro said in a release.

Officials from Optum and MedSynergies weren’t available for further comment by deadline.

The deal, which requires approval from the Federal Trade Commission, is expected to close within the next month.

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