FirstAssist, a new healthcare and assistance business, has acquired a significant stake in Healthcode. The investment is worth a 16.66% share of Healthcode, which provides internet-based billing systems for medical insurers.
FirstAssist said the share purchase would enable its customers to use Healthcode's electronic billing system, Veda, which allows invoices to be sent from consultants and hospitals to participating insurers.
Steve Wood, managing director of FirstAssist commented: "This latest investment by FirstAssist demonstrates our commitment to the healthcare industry. We firmly believe that the future of health and well being solutions is dependent on good systems and processes at every level."
The acquisition was approved by Healthcode's current shareholders Norwich Union, BUPA, PPP, Standard Life and Nuffield Hospitals following the management buy-out of FirstAssist from Roayl & Sun Alliance.
