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Author: TMFCogitarius Big gold star, 5000 posts Old School Fool Home Fool Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 319  
Subject: Acquires HealthConnect Systems Date: 11/16/2011 8:10 AM
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'Ebix expects the transaction to be immediately accretive to Ebix Earnings per Share (EPS). Ebix disclosed that it funded this transaction completely in cash using its bank debt line. No Ebix shares were issued and no investment bankers were involved in the transaction.

HealthConnect’s state-of-the-art online quoting exchange provides a variety of services to be utilized by the principal constituents involved in the Health insurance industry:

* For medical carriers, HealthConnect provides private label portals for sales automation (quoting, enrollment and renewals) as well as participation in a multi carrier network (distribution of rate, benefit and physician data, enrollment connectivity and market intelligence).
* For ancillary carriers (dental, vision, life, limited medical, gap, voluntary, etc.), HealthConnect provides private label portals for sales automation (quoting, enrollment and renewals) as well as product promotion through participation a multi carrier-quoting network.
* For employee benefit administration service providers (payroll, 401k, COBRA, TPA’s, etc.), HealthConnect provides product promotion through integration with its human resource management system.
* For agents, HealthConnect provides automation of targeted internal operations as well as the provision of complete employee benefit administration and human resource management systems to clients.
* General agents can distribute access to HealthConnect to their agency clients through their own branded web sites.
* Employers and employees access HealthConnect through a portal provided by their agent. Through the portal, branded HRConnect, they can
transact with multiple carriers and service providers encompassing the entire spectrum of employee benefits through a single, integrated system.
* HealthConnect’s Exchange presently processes roughly 12,000 quote requests per day from 6,700 agents across nineteen states. HealthConnect has offices in Norwalk, CT, Bohemia, NY, Fresno, CA and Pasadena, CA.'

http://www.businesswire.com/news/home/20111116005486/en/Ebix...
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