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Ebix Inc (EBIX)

- NASDAQ
  • Tue, Mar. 3, 11:47 AM
    • Ebix (EBIX -1.3%) has acquired Via Media Health, an Indian provider of "Healthcare PR, Digital Communications & integrated communication solutions and content services for Consumer Healthcare, Hospitals, Medical Devices, Diagnostics and the Pharmaceutical industry." Terms are undisclosed.
    • Ebix plans to add Via to its A.D.A.M. health information exchange unit. Back in December, the company bought Oakstone Publishing, a U.S. provider of certification materials and continuing education products for healthcare professionals (also integrated with A.D.A.M.).
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  • Dec. 2, 2014, 2:46 PM
    • Ebix (EBIX -0.2%) has acquired Oakstone Publishing, a provider of "continuing education, certification materials for physicians, dentists and allied healthcare professionals, as well as wellness resources for organizations." Terms are undisclosed; the deal is expected to be immediately accretive.
    • Ebix plans to integrate Oakstone with its A.D.A.M. health info exchange unit. The company notes Oakstone "sold a continuing education product to approximately one in 10 U.S. doctors over the last six years," and that it gets over 80% of its revenue from services paid for by medical professionals.
    • Other recent Ebix acquisitions: Vertex, Healthcare Magic.
    • Yesterday: Ebix strikes deal with acitivist
    | 1 Comment
  • Nov. 3, 2014, 12:13 PM
    • Connecticut-based Vertex provides software for defining/publishing life and annuity insurance product info, and several data and software development tools for insurance firms. The company also provides management consulting services.
    • Ebix (EBIX -0.3%) says it acquired Vertex to establish "a non-aligned worldwide strategic management consulting practice targeted at the insurance, healthcare and financial industries all across the world." Ebix paid with a mixture of cash on hand and bank credit - the price is undisclosed - and says the deal is expected to boost EPS by $0.10-$0.15/year.
    • Vertex will be renamed Ebix Consulting. Founder Steven Wilson will lead the unit as an Ebix SVP.
    | 2 Comments
  • Jun. 19, 2013, 7:58 PM
    Ebix's (EBIX) merger agreement with a Goldman Sachs affiliate has been terminated. The termination is the result of Ebix's receipt of a letter from a U.S. Attorney for the Northern District of Georgia stating it has "opened an investigation into allegations of intentional misconduct" found in recent shareholder class action suits against Ebix. The letter follows an SEC investigation into Ebix's accounting launched earlier this year. EBIX -25% AH. SA contributor Gotham City Research has been quite critical of Ebix's accounting for some time.
    | 4 Comments
  • May 1, 2013, 9:49 AM
    Goldman Sachs (GS) apparently sees accounting issues at Ebix (EBIX +4.8%) a bit differently than Gotham City Research as an affiliate of the bank inks a deal to buy the company for $20/share in cash. (PR)
    | 3 Comments
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Company Description
Ebix Inc provides a series of application software products for the insurance industry from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial industries.