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Imagenet completes acquisition of CODY to enhance SaaS and services solutions for health plans

Jan 14, 2025•11 months ago

Acquiring Company

Imagenet

Acquired Company

Cody Consulting Group

TampaTampaHealth CareInformation TechnologySoftwareConsulting

Description

Imagenet, a leading digital mailroom, claims adjudication, and contact center solutions partner, has announced the acquisition of CODY. This acquisition will provide health plans serving the Medicare, Medicaid, and Commercial markets with a comprehensive suite of claims- and compliance-oriented solutions previously unavailable under a single vendor partner, and extends Imagenet's capabilities in member communications, compliance, enrollment, and reconciliation.

Company Information

Company

Imagenet

Location

Tampa, Florida, United States

About

Imagenet is a leading healthcare operations partner for health plans and managed care organizations. Imagenet provides a comprehensive suite of solutions, including digital mailroom, claims adjudication, and contact center services. Since 2000, Imagenet has served hundreds of clients, including regional healthcare plans, large government agencies, and managed care organizations. Imagenet's 10 regional delivery centers, offshore presence, experienced teams, streamlined processes, and proprietary technologies offer cost effective and operationally efficient solutions.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed