Acquisition to strengthen healthcare portfolio with new capabilities in clinical services segment
Hinduja Global Solutions (HGS) announced that its subsidiary, HGS Population Health, US, has entered into a definitive agreement to acquire CMH Services Subsidiary, US, 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.
“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, CEO, HGS.
The newly-added portfolio of services opens up an addressable market opportunity of $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 personalise 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.”