NORWALK, Conn. (AP) — Xerox is buying privately-held ISG Holdings for $225 million as it strengthens its payment services unit for clients in the insurance sector.
ISG makes software that reviews medical bills from injured workers for accuracy. It has two subsidiaries, StrataCare and Bunch CareSolutions. The two units have 700 employees that work in Irvine, California, Lakeland, Florida, or Amarillo, Texas. The employees will remain at those locations, Xerox said.
Xerox Corp., which is based in Norwalk, Connecticut, provides services and software to businesses and government agenci