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Intuit selling healthcare unit that has office in Cary

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Intuit announced Monday that it is selling its healthcare business unit, which has an office in Cary that employs about 100 people.

Intuit, the company behind popular software packages such as Quicken and TurboTax, is also selling its financial services business unit as it focuses on its tax business and proving operating systems for small businesses.

Mountain View, Calif.-based Intuit established a presence in the Triangle in 2010 when it acquired Cary-based Medfusion for $91 million. Medfusion had 109 employees at the time of acquisition.

Medfusion's software enables patients to make appointments, pay their bills, request prescription refills, complete medical forms, review lab results and perform other tasks over the Internet. The company was founded in 2000 by Stephen Malik.

Intuit's healthcare unit also has employees at its Mountain View headquarters.

The two business units Intuit is divesting itself of contributed $320 million in revenue last year. The company had total revenues of $4.15 billion.

The two sales are expected to contribute $340 million in revenue to the company's earnings this year.

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About the blogger

Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or e-mail him.
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