Medifax EDI Buys Medi, Inc. in Stock Transaction

Medi, Inc., a provider of healthcare financial transaction processing software and services, has been sold to Medifax EDI. Medifax EDI, based in Nashville, TN, acquired all of the outstanding shares in Medi, Inc. Financial terms of the sale were not disclosed. Medifax EDI is a provider of healthcare information technology software to providers and payers. Medifax-EDI, Inc. has two primary divisions that process more than 200 million transactions per year for more than 130,000 healthcare providers. The Medical Services Division is the leading provider of medical eligibility transaction service...