NDCHealth to Be Acquired

Per-Se Technologies and Wolters Kluwer will buy the company.
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Per-Se Technologies

(PSTI) - Get Report

reached a pact to buy Atlanta-based

NDCHealth

(NDC)

, including the physician, hospital and retail pharmacy businesses, in a deal that values the takeover target at $19.50 a share.

The transaction is worth about $665 million, including refinancing NDC's debt, which currently totals $270 million.

As part of the transaction, Wolters Kluwer, an Amsterdam-based publisher, will buy NDC's pharmaceutical information management business for $382 million in cash.

Per-Se, which provides business-management software and services to hospitals, said it would have had pro forma revenue of around $590 million as of June 30.

Per-Se, based in Alpharetta, Ga., expects that the acquisition, excluding transaction expenses and other one-time costs, will add to its earnings per share in the first year of the combination.

Shares of Per-Se were down 17 cents to $19.87. NDC was rising $1.13, or 6%, to $18.90.