NYSE-listed Business Process Management (BPM) firm WNS (Holdings), has announced the acquisition of Houston, Texas based HealthHelp, an industry leader in care management for $95 million.
“Consideration for the transaction is $95.0 million excluding adjustments for cash, debt and working capital,” according to a statement from the WNS, a company which has its headquarters in Mumbai. The acquisition is funded primarily with long-term debt.
HealthHelp is expected to contribute approximately $2.3 million in revenue for WNS in the fiscal year ending March 31, 2017, and to be immediately accretive to earnings excluding approximately $1.4 million of one-time transaction costs, according to the statement.
HealthHelp works closely with both payors and providers to help improve patient outcomes and drive long-term cost savings for the healthcare industry.
The company’s solutions are delivered by combining a proprietary technology platform rooted in evidence-based medical research, high-end predictive analytics, and deep healthcare industry expertise, WNS said.
HealthHelp provides benefits management across several key specialty healthcare areas, including radiology, cardiology, oncology, sleep care, orthopedics, and pain management.
“With the acquisition of HealthHelp, WNS has taken a major step forward in strengthening our end-to-end Healthcare and Insurance BPM offerings. WNS plans to leverage HealthHelp’s industry-leading capability in care management to address the needs of payor, provider and insurance organizations,” said Keshav Murugesh, WNS’ Chief Executive Officer in the statement.
“HealthHelp’s deep industry expertise, differentiated market approach and extensive use of technology and analytics make this asset an excellent fit for WNS. In combination with our existing strengths, we believe there are significant opportunities to cross-sell services and create state-of-the-art solutions for the BPM industry,” he added.
