Xerox to Acquire ISG Holdings

Xerox announced its intent to acquire ISG Holdings, Inc. for $225 million.

The acquisition of ISG expands Xerox’s services to property and casualty insurance carriers, third-party administrators, managed care services providers, governments and self-administered employers who require comprehensive reviews of medical bills and implementation of care management plans stemming from workers’ compensation claims.

ISG subsidiaries, Stratacare and Bunch CareSolutions, based in Irvine, Calif. and Lakeland, Fla. respectively, will add secure and compliant SaaS (Software as a Service) cloud based platform, care management services and analytics to the Xerox portfolio.

Source: Xerox/ISG Holdings, Inc.