Metavante Technologies Inc. has purchased CapMed, a health-care record-keeping software company, from the medical technology provider Bio-Imaging Technologies Inc.
Bio-Imaging, of Newtown, Pa., said Wednesday that the Milwaukee banking technology company paid $500,000 for the unit. Bio-Imaging will also receive a portion of the revenue from some of CapMed's contracts for the next two years.
"It is beneficial for all parties that CapMed will be a part of an organization that is more closely aligned with healthcare information and payment processing for consumers," Mark L. Weinstein, Bio-Imaging's president and chief executive, said in a press release.
