International Transactions
April 2017 Healthcare IT Update
WNS buys Houston, TX-based HealthHelp for $95 million
HealthHelp is a benefit management company serving radiology, oncology and other disciplines. WNS of India, a diversified IT company, is an active acquirer with over $500 million in revenue and $1.4 billion in market capitalization. The company focuses on all aspects of insurance across a variety of sectors. This is a nice addition to their U.S. healthcare presence.
The HCI Group based in Jacksonville, FL sells 85% shareholding to the Indian conglomerate, Tech Mahindra for close to $90 million
The deal calls for the purchase of the remaining shares over three years. HCI is one of the largest consulting groups for the implementation of EMR systems including Epic and Cerner in addition to its security consulting business. Annual sales of the company were $110 million in the fiscal year ending September of 2016.
Tech Mahindra is a giant IT company listed on the Indian stock exchange with a market cap of over $6.0 billion. We recall a time that Indian companies were extremely selective and shied away from paying full prices for U.S. acquisitions. Times have changed. Businesses like HCI play nicely to the strengths of Indian IT players.
Haoeyaou China raises $40 million from Hakim Unique Internet
The sole purpose of this company is to connect Chinese patients to American doctors. This can be through virtual visits or arranging for travel to the U.S. for treatment.
Health tourism is an underserved market. With the Chinese consumers’ improving economic condition comes demand for luxury goods including the best healthcare available in the world!
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