The TriZetto Group, Inc. (NASDAQ: TZIX) and Apax Partners announced
today the closing of the merger pursuant to which funds advised by Apax
Partners, together with minority investors BlueCross BlueShield of
Tennessee and The Regence Group, acquired all of TriZetto’s
common stock for $22 cash per share. Payment instructions will be mailed
or delivered electronically to stockholders and convertible note
holders. Common stock holders with questions may contact Computershare
Trust Company, N.A. at 800-962-4284 or 303-262-0600. Convertible note
holders with questions may contact Wells Fargo Bank at 213-614-2588. The
merger agreement was first announced on April 11, 2008.
“I am proud of the outstanding work by many
people at TriZetto and at Apax who completed this transaction so quickly
while minimizing distractions to our customers,”
said Jeff Margolis, who continues as Chairman and CEO of the TriZetto
Group. “TriZetto remains singularly focused on
developing high-return software and services for payers and their
constituents in the healthcare supply chain. We look forward to more
strongly partnering with our customers, while leveraging Apax’s
resources and international reach to further accelerate our solutions
development and growth.“
Buddy Gumina, partner and head of U.S. healthcare at Apax Partners who
joins a new Board of Directors at TriZetto, added, “Apax
shares Jeff’s vision for Integrated Healthcare
Management, which holds so much promise to improve our healthcare
system, and we are excited to add TriZetto to our portfolio of industry
leading companies.”
Added Margolis, “It is clear from the broad
discussion on Capitol Hill that healthcare reform in coming years will
include significant investments in information technology. TriZetto and
its 350 payer customers are well positioned to help enable and
accelerate many of these transformative technology solutions that can
optimize benefits and care for healthcare consumers.”
About Apax Partners
Apax Partners is one of the world’s leading
private equity investment groups. It operates across the United States,
Europe and Asia and has more than 30 years of investing experience.
Funds under the advice of Apax Partners total $40 billion around the
world. These Funds provide long-term equity financing to build and
strengthen world-class companies. Apax Partners Funds invest in
companies across its global sectors of Tech & Telecom, Retail &
Consumer, Media, Healthcare and Financial & Business Services.
