National Data Corporation Acquires Learned-Mahn to Expand Health Care Capabilities
National Data Corporation has acquired Learned-Mahn, a nationwide provider of software and services to health care and financial institutions. The acquisition strengthens NDC's position in the health care market by adding electronic health care claims and remittance services to its existing capabilities. Learned-Mahn's financial services software and regional offices in Denver and Chicago will continue to operate as an independent business unit. The acquisition aims to reduce administrative costs and increase productivity for hospitals, while also providing new revenue streams for financial services customers.
Key Takeaways:
- National Data Corporation has acquired Learned-Mahn, a privately held Idaho company founded in 1973.
- Learned-Mahn provides electronic health care claims and remittance services to hospitals, as well as develops and sells financial services software to financial institutions.
- The acquisition expands NDC's capabilities in the health care market, allowing it to offer a unique national health care network.
- The combination of Learned-Mahn and NDC's claims processing and adjudication products will help hospitals reduce administrative costs and improve patient satisfaction.
- The acquisition is attractive for NDC's financial services customers, as Learned-Mahn's services and software programs complement their existing financial EDI products.
- National Data Corporation is a leading provider of value-added application systems and services for the health care and integrated payment systems market.
Statistics:
- 1973: Founded year of Learned-Mahn
- 1995: Year the acquisition was announced
- 17 January: Date the acquisition was announced
- 2 locations: Number of regional offices for Learned-Mahn in Denver and Chicago
- 1 market: Health care market
- 2 industries: Health care and financial institutions
Sources:
- National Data Corporation (NYSE: NDC)
- PRNewswire, 17 January 1995
- Learned-Mahn