Filed under: Deals, Apax Partners, Private equity industry

TriZetto Group Inc. (NASDAQ: TZIX) is being acquired by private equity firm Apax Partners. The private equity group will acquire this health-care software company for about $1.4 billion, or $22.00 per share.

What is interesting in this deal is that BlueCross BlueShield of Tennessee and The Regence Group, both of which are customers of TriZetto, are providing some funding in the deal. That portion wasn’t disclosed, even though they’ll be equity investors in the newly private company. Regence is a combination of several BlueCross BlueShield operations in the U.S.

Apax partners has some $35 Billion “in funds under advice according to the company. Trizetto provides IT solutions that enable payers and other constituents in the healthcare supply chain to improve the coordination of benefits and care for healthcare consumers.

See the full story at 247WallSt.com.

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This entry was posted on Saturday, April 19th, 2008 at 9:20 am and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.