Hinduja Global Solutions Limited (HGS) (Listed on NSE & BSE, India), announced that its subsidiary, HGS Population Health LLC, USA, has today entered into a definitive agreement to acquire CMH Services Subsidiary LLC, USA, operating under the trade name of AxisPoint Health, a leading population health management company. The transaction is expected to close in the next 15 days.
AxisPoint Health offers industry-leading care management,nurse advice line and analytics services, including CarePoint, GuidePoint and Analytix. The company has around 400 employees including over 280 US registered nurses in the US providing condition and case management programs, a 24/7 nurse advice line, and powerful tools for member identification, stratification and reporting. HGS gains access to over 20 new clients across leading commercial plans, Blues plans and state Medicaid programs.
“The acquisition of AxisPoint adds a strategic capability to our Healthcare portfolio by strengthening our presence in the Clinical Services segment, and specifically in the population health management space. Combined with our existing services, we see a huge opportunity to cross-sell solutions to the Payer industry,” said Partha DeSarkar, Chief Executive Officer, HGS.
The newly-added portfolio of services opens up an addressable market opportunity of US$ 3 billion for HGS.
Ramesh Gopalan, President – Global Healthcare and Head of India business, HGS said, “The population health management segment is an attractive market, with Healthcare Payers looking to simplify and personalize the care experience while reducing costs and improving health outcomes. HGS already has a significant presence in the US Healthcare market, and we see a lot of synergies with AxisPoint Health’s portfolio of services.”
HGS’ acquisition of, and new investment in, AxisPoint Health’s services will allow the latter to further strengthen its offerings.
“With the support of a global powerhouse behind us, we’ll have the resources we need to continue to provide our clients with the best, most innovative and most efficient solutions that empower members to make the right choices for their health,” said Christopher A. Long, President of AxisPoint Health. “We are excited about the opportunities ahead and remain committed to working closely with our clients to meet their specific business needs.”
About Hinduja Global Solutions (HGS):
A global leader in business process management (BPM) and optimizing the customer experience lifecycle, HGS is helping make its clients more competitive every day. HGS combines technology-powered services in automation, analytics and digital with domain expertise focusing on back office processing, contact centers and HRO solutions to deliver transformational impact to clients. Part of the multi-billion dollar conglomerate Hinduja Group, HGS takes a true “globally local” approach, with over 46,000 employees across 69 delivery centers in seven countries making a difference to some of the world’s leading brands across nine key verticals. For the year ended 31st March 2017, HGS had revenues of Rs. 3,711 crore (US$ 555 million).
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About AxisPoint Health:
AxisPoint Health is a population health management company that combines innovative technology with outstanding care management services to reduce costs, improve outcomes and boost consumer satisfaction – the Triple Aim of healthcare. We make a difference in people’s lives by effectively engaging them to improve their health. Our expert care teams leverage predictive analytics, innovative condition and case management programs, and consumer engagement technology to guide, impact and personalize the care experience. We believe that consumers are people, not just conditions. For more information visit www.axispointhealth.com.
For Hinduja Global Solutions
Smita Gaikwad Thanuja B M
+91 7899916017 +91 8971145454
For AxisPoint Health
(617) 332-9999, x216