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September 08, 2008 at 11:49 AM
A business support services company it will be getting control over a health plan support services company through a reverse merger.
BPO Management Services Inc., Anaheim, Calif., and Healthaxis Inc., Irving, Texas, have agreed that BPO will acquire Healthaxis through a stock swap, the companies say.
BPO shareholders would end up with 80% of the combined company, and Healthaxis shareholders would end up with a 20% stake, the companies say.
The combined companies appear to have a current combined market capitalization value of about $5.1 million
