Ebix Inc. says it can offer shareholders of Healthaxis Inc. a better deal than BPO Management Services Inc. has offered them.
BPO, Anaheim, Calif., a business support services company, announced in September that it would be acquiring Healthaxis, Irving, Texas, a health plan support services company through a stock swap.
BPO shareholders would end up with 80% of the combined company, and Healthaxis shareholders would end up with a 20% stake, BPO and Healthaxis said at the time.
The combined companies have a combined market capitalization value of about $5 million
Ebix, Atlanta, a software and electronic services company that controls AnnuityNet, says it will give Healthaxis shareholders a choice between getting paid in Ebix stock or in cash.