Intuit completes $91 million acquisition of Medfusion; deal to lower 2010 earnings by a penny

Intuit completes $91M Medfusion acquisition

MOUNTAIN VIEW, Calif. — Accounting, tax and personal finance software maker Intuit Inc. said Friday it completed its $91 million acquisition of privately held Medfusion, which makes products that help patients connect with doctors and other health care providers.

The cash deal was first announced May 11.

Intuit said its net income for the fiscal year that ends July 31 will be about 1 cent lower because of the buyout.

Medfusion, based in Cary, N.C., offers an online service that helps patients schedule medical appointments, pay bills, request prescription refills and perform other tasks.

Shares of Intuit gained $1.26, or 3.7 percent, to close at $35.01 Friday.