WellPoint buys imaging firm for $300M

WellPoint Inc. has agreed to buy American Imaging Management, a firm that uses Web technology to manage the frequency and cost of radiation tests.

The Indianapolis health insurer will pay $300 million to buy American Imaging parent Imaging Management Holdings, which is headquartered in Deerfield, Ill. The deal is expected to close in the third quarter.

American Imaging serves various health plans with more than 20 million patients.

WellPoint hopes to use its technology and expertise to control the frequency and cost of high-tech-and high-cost-medical tests.

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