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Navigant consulting Inc announces acquisition of Cymetrix - Form 8-K


Friday, 16 May 2014 04:06pm EDT 

Navigant consulting Inc:Says on May 14, it acquired Cymetrix Corp, a privately held revenue cycle management firm that specializes in providing outsourcing services to hospital and healthcare networks.Acquisition was effected pursuant to an agreement and plan of merger, dated as of May 14, 2014, among Navigant, Bobcat Acquisition Corporation, a wholly-owned subsidiary of Navigant, Cymetrix and certain securityholders of Cymetrix.Aggregate purchase price to be paid by Navigant in connection with the Merger is comprised of about $75.0 million in cash paid at closing.And a deferred contingent cash payment of up to $25.0 million based on the achievement of certain revenue and EBITDA performance targets by Cymetrix during the period beginning on Nov. 1 and ending on Oct. 31, 2015. 

Company Quote

14.39
0.1 +0.70%
1:55pm EDT