TriZetto Group Inc., a Newport Beach healthcare technology company, said Friday it’s making its second acquisition in as many months.
The company, which sells computers and software to health plans, benefits administrators and others for handling claims, billing and other functions, is buying New York-based Plan Data Management Inc.
Terms weren’t disclosed. The buy is set to close in the current quarter.
Plan Data Management makes software for health insurance companies offering Medicare plans. The software is desiged to streamline administration and cut costs
In September, TriZetto said it’s buying Phoenix-based Quality Care Solutions Inc. for $133 million cash and $1.2 million in debt.
The company could pay an additional $12 million in early 2008 if Quality Care hits performance targets.
Quality Care makes software for processing healthcare insurance claims.
