Apax, TriZetto merge

TriZetto Group, a Newport Beach-based healthcare technology company, has accepted a $1.4 billion takeover offer from a private equity fund in London, states LA Times.

Apax Partners plans to pay $22 a share to privatise TriZetto, which sells software and Internet services to healthcare clients.

Apax, which manages $35 billion in assets, said the offer represented a 29% premium over TriZetto's average stock price during the previous 30 days. TriZetto's shares jumped $2.72, or 15.4%, to $20.39 on Friday.

Research and Markets has added "Wireless Healthcare 2008" to its offering. This report is published at a critical time for the medical device industry, reports Centre Daily.

During the last five years, US and European healthcare providers have been modernising their core IT infrastructure. Many have been developing and deploying applications such as electronic patient records that will store and analyse data collected from mobile and wireless medical devices.

During this period, projects involving the use of the wireless devices have been starved of funding.