lnfomedia Group to Acquire AxisPoint Health’s US Service Contracts
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 $...