[Satellite TODAY 08-17-10] Gilat Satellite Networks Ltd. will receive more than $24 million in cash proceeds from the merger of Ingenix and Axolotl, Gilat announced Aug. 17.
     Ingenix, a health information technology and services company, announced Aug. 16 that it is acquiring Axolotl, a provider of health information exchange services.
     As part of Gilat’s investment policy, Gilat invested about $4.5 million in Axolotl more than 10 years ago. During the global economic downturn of 2000 and 2001, Gilat wrote off this investment.
     Under the terms of the merger agreement, Gilat is to receive about $24 million immediately and subject to certain standard escrow conditions, may receive an additional $3 million in a year.