Acquisition Expected to Expand Medi Customer Base

Medi Inc. has bought Health Management System’s EDI transaction processing operation.

Thousand Oaks-based Medi provides financial services for health care companies, including electronic claims and payment processing, eligibility verification and other e-commerce and Internet services for hospitals.

Buying the operation from Health Management will expand Medi’s business by giving it access to a wider customer base, said Larry Lai, Medi’s co-founder and chairman.