Ebix Acquires Online Health Exchange HealthConnect Systems

Ebix, Inc. (NASDAQ: EBIX) today announced that it has acquired Connecticut based HealthConnect Systems, a leading online Exchange for buyers and sellers of health insurance and employee benefits. Ebix also announced that HealthConnect would be immediately integrated into its EbixHealth Division.

Ebix expects the transaction to be immediately accretive to Ebix Earnings per Share (EPS). Ebix disclosed that it funded this transaction completely in cash using its bank debt line. No Ebix shares were issued and no investment bankers were involved in the transaction.