LOUISVILLE — Health-care supply chain company Global Health Exchange LLC in Louisville said Tuesday it has acquired Omaha, Neb.-based H-Card LLC that provides automated payment-management software and services to health-care providers and suppliers in the United States.
Financial terms of the deal were not disclosed.
BizWest presents Business Forum featuring Michael Dubin - founder and former CEO of the Dollar Shave Club. Sponsored by McDonald Toyota Greeley.
The acquisition, GHX’s second in 19 months, expands the company’s financial-products portfolio.
H-Card LLC, which uses the brand Hap-X, will operate as a wholly owned subsidiary.
The combined product offering gives GHX the ability to provide customers both software and services within the health-care supply chain.
The Hap-X payment exchange enables providers and suppliers to align payment, remittance and reconciliation information together to create operational efficiencies for both providers and suppliers.
“Hap-X is a great addition to the GHX family,” said Bruce Johnson, GHX’s president and chief executive. “This is an acquisition our customers have been asking us to complete in order to help them solve the payment-management challenges that are adding costs to health care.”
GHX offers cloud-based supply-chain management technology and services. GHX has an electronic trading exchange that delivers procurement and accounts payable automation, contract and inventory management, vendor credentialing and management, business intelligence, and other supply chain-related tools and services. About 4,000 hospitals and 18,000 provider facilities are clients of GHX.