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Xerox Announces Agreement to Buy ISG for $225 Million

Wednesday, May 7, 2014 | 793 | 0 | 0 min read

By Joey BerlinSouthern Bureau ChiefXerox announced an agreement on Tuesday to acquire the health care technology company ISG Holdings Inc. for $225 million, a deal that will broaden Xerox’s workers’ compensation services.Xerox adds two ISG subsidiaries to its portfolio: StrataCare, based in Irvine, California, and Bunch CareSolutions, based in Lakeland, Florida. StrataCare offers medical bill-review software and services. Bunch CareSolutions is a managed care provider.Bob Zapfel, president of Xerox Services, said in the release announcing the acquisition that it “demonstrates...

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