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Healthcare IT and Biotechnology News Release
Date of Publication: Friday, December 23, 2005

TriZetto Completes Acquisition of CareKey, Inc.

The TriZetto Group, Inc. (Nasdaq: TZIX) today announced that it has completed the acquisition of privately held CareKey, Inc., a leading provider of advanced care management software.
NEWPORT BEACH, Calif. -- The TriZetto Group, Inc. (Nasdaq: TZIX) today announced that it has completed the acquisition of privately held CareKey, Inc., a leading provider of advanced care management software. The combination expands TriZetto's market opportunities and increases its customers' ability to improve the cost and quality of care for their members.


The signing of a definitive agreement for the acquisition was previously announced on November 21, 2005. The company received its Hart-Scott-Rodino clearance on December 19 and completed the transaction today.

Under the agreement, TriZetto will pay $60 million in cash to CareKey's stockholders and option holders. Additional consideration will be payable upon the achievement of specified milestones. TriZetto anticipates the acquisition will be mildly accretive to 2006 earnings per share.



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Last Updated: 24 November 2007.