Monday, July 14, 2008

TriZetto Acquisition Gets Stockholder Approval

Newport Beach-based The TriZetto Group, a provider of technology for managing healthcare payments, said Monday that it stockholders have approved the firm's acquisition by private equity firm Apax Partners. TriZetto said that 99.8% of shares voted in a stockholder meeting approved the deal, or 79.2% of shares outstanding. TriZetto had announced in April that Apax Partners would buy the firm in a deal worth approximately $1.4 billion.