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CBIZ Inc To Sell Medical-Management Professionals Business For $200 Million-DJ

Monday, 29 Jul 2013 07:07am EDT 

Dow Jones reported that CBIZ Inc agreed to sell its medical-management professionals business for $200 million to medical-billing company Zotec Partners LLC and also reported its second-quarter earnings rose 56%. The professional business services provider said the sale will allow it to focus on its core financial and employee services businesses and the proceeds will go toward reducing its debt. CBIZ expects to close the deal August 31. 

Company Quote

0.08 +0.90%
17 Apr 2014