Ebix Acquires Healthcare Magic

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Go back to Ebix Acquires Healthcare Magic

Ebix, Inc. (EBIX) Acquires Healthcare Magic in $18.5M Deal

May 27, 2014 7:32 AM EDT

Ebix, Inc. (Nasdaq: EBIX) announced that it has acquired Healthcare Magic a medical advisory service with an online network of approximately 15,000 General Physicians and Surgeons spread across 50 specialties including alternative medicine. Ebix will integrate the services from this acquisition into its A.D.A.M. Health Division. Ebix funded this transaction using its internal cash reserves.

Funded by Accel Partners before acquisition, the acquired Company's services can be accessed on www.healthcaremagic.com or by searching for "Ask a Doctor" service on Android Play Store or Apple iTunes. This acquisition is an important... More