Information technology services entity Tech Mahindra will acquire CJS Solutions Group, a US-based healthcare provider, for Rs 732 crore ($110 million).
The Florida-based company, which does business as HCI Group, provides electronic health and medical record services, and allied software training and support.
This acquisition is in line with TechM’s ‘DAVID (digital, automation, verticalisation, innovation and disruption)’ strategy. It will give the company access to prominent healthcare companies in America and Britain. The core leadership team of CJS will continue and the 500 full-time employees will be absorbed by TechM.
“Health care is one of the few sectors globally that is driving adoption of digital technologies. The acquisition will not only position Tech Mahindra as a significant player in the space but also provide an opportunity to go deeper in it via electronic medical record implementation and surrounding services,” said C P Gurnani, managing director of TechM.
Source: Business-Standard