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Aetna to spend $500M on technology company
San Francisco Chronicle

Insurer Aetna Inc. said Tuesday it will spend about $500 million to buy health information technology company Medicity, which develops systems that allow doctors and hospitals to coordinate care and share information.

The Hartford, Conn., managed care company said the deal will speed up its growth in health information technology and exchanges and will be neutral to next year’s financial results.

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