Software services firm Tech
Mahindra Ltd has signed a definitive agreement to acquire CJS Solutions Group LLC;
a US based healthcare information technology consulting company that does
business as the HCI Group. The deal values CJS Solutions at an enterprise value
of $110 Million.
The HCI Group works with global
Tier-I healthcare service providers, primarily in the US and UK. It focuses on
providing end-to-end implementation of electronic health record (EHR) and
electronic medical record (EMR) software, training and support services. The company
also has a presence in Europe, West Asia and Asia-Pacific and employs more than
500 professionals globally.
Healthcare and Life Sciences has
been one of the focus areas for Tech Mahindra globally and the acquisition will
help in consolidating its position. Healthcare 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 healthcare
provider space, but will also provide an opportunity to go deeper in the space
via EMR implementation and surrounding services.
In May 2016, Tech Mahindra
announced it will acquire UK based Target Group in a deal worth around £120
Million to strengthen its presence in the banking and financial services space.
In June, it said it had acquired UK based digital transformation firm BIO
Agency Ltd.
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