A US subsidiary of business process management company Hinduja Global Solutions Ltd has agreed to sell several US nurse advice line service contracts to lnfomedia Group Inc. for $5.3 million (about Rs 37 crore).
Health management solutions company HGS AxisPoint Health LLC has sold the contracts to Infomedia, which operates as Carenet Healthcare Services, Hinduja Global said in a stock exchange disclosure.
The estimated annual revenue from the contracts sold is $9.4 million. HGS AxisPoint will continue to provide nurse advice line services to the remaining clients.
Ramesh Gopalan, president of healthcare business at Hinduja Global, said the sale allows HGS AxisPoint Health to focus efforts on its care management offering. Hinduja Global had acquired AxisPoint Health in April for $14 million.
“As healthcare consumer experience continues to mature and consumers expect the kind of on-demand service they receive outside of healthcare, virtual care will become a mainstay in not only care delivery, but also readmissions reduction, chronic care management, preventative care and more,” said John Erwin, chief executive of Carenet.
Carenet Healthcare offers strategic engagement, telehealth and healthcare consumer navigation solutions.
Bengaluru-headquartered Hinduja Global, which is part of the multi-billion dollar conglomerate Hinduja Group, has over 44,500 employees across 75 delivery centres in seven countries.
The company’s consolidated revenue stood at Rs 3,849.4 crore in the year through March 2018, as against Rs 3,711 crore in the previous year.