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MEDecision (MEDE) Acquired for $7/Share

June 18, 2008 9:03 AM EDT
MEDecision, Inc. (Nasdaq: MEDE) reached a merger agreement pursuant to which Health Care Service Corporation, which operates Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and Texas, will acquire all of the outstanding shares of MEDecision common stock for $7.00 per share in cash.

Shares of MEDecision closed at $1.71 yesterday.

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