Wipro to Acquire HealthPlan Services, a Leading Technology and Business Process as a Service Provider in the US Health Insurance Market
Combined business creates an End-to-End Value Proposition to Help Payers Succeed in Consumer-centric US Health Insurance Market
Headquartered in
The Patient Protection and Affordable Care Act has dramatically altered the health insurance landscape in the
This transaction is closely aligned with Wipro’s key levers for growth, which are to dominate the services market through industry utilities that multiple customers can use. This acquisition adds another platform-led Business Process as a Service (BPaaS) offerings, delivered on cloud to Wipro’s services portfolio. Wipro’s clients currently include over 100 U.S. payers, leading healthcare providers, and public health agencies.
“The partnership with
“We welcome the
“We are excited about what
This transaction is subject to customary closing conditions and regulatory approvals and is likely to be completed in next 60 to 90 days.
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An audio recording of the management discussions and the question and answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com.
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About
About
The company is the largest independent provider of sales, benefits administration, retention, and technology solutions to the health insurance and managed care industries. Headquartered in
About Water Street
Water Street is a strategic investor focused exclusively on health care. The firm has a strong record of building market-leading companies across key growth sectors in health care. It has worked with some of the world’s leading health care companies on its investments including Johnson & Johnson, Medtronic, Smith &
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in
View source version on businesswire.com: http://www.businesswire.com/news/home/20160211005729/en/
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