Health Care Service Corp. Acquires MEDecision

Health Care Service Corporation (HCSC, Chicago) has completed its purchase of Wayne, Pa.-based MEDecision, Inc., which will now become a wholly-owned subsidiary of HCSC.

MEDecision says it will operate independently and will continue its focus on technology development and customer service.

According to the terms of the agreement, MEDecision’s shareholders received $7.00 per share in cash, with holders of approximately 88 percent of the outstanding shares voting in favor of the transaction, say the companies. As of today, MEDecision’s common stock is no longer publicly traded.