Health care tech firm makes $7.3M acquisition

TAMPA — Health care technology and consulting firm Cody has acquired a software firm, Madena, to help it expand its services and offerings. The acquisition is valued at $7.3 million, according to a statement.

Madena is best known for its enrollment and reconciliation software, Synchronicity, the release states, while Cody works with more than 60 government-funded, commercial and Affordable Care Act health plans. Cody’s proprietary suite of software, CodySoft, is designed specifically for health plans, the release adds, and helps improve regulatory compliance, manage plan benefit data and streamline member and provider communications.