Infotech Lead Asia: BPO major Sutherland Global Services is set to buy Apollo Health Street (AHS), a provider of healthcare business services and Health Information Technology (HIT) based solutions.
The company did not disclose the size of the deal.
Dilip R Vellodi, founder chairman & CEO of Sutherland Global Services, said: “With this acquisition, Sutherland addresses the central challenge facing major North American and European healthcare Providers and Payers – to provide exceptional service to patients in a cost effective manner. Apollo’s expertise, combined with our proven capabilities, strengthens our portfolio of Payer, Provider, and Health IT solutions in driving significant value to our client base.”
This acquisition will position Sutherland Global Services as a top healthcare service provider with IT and business process integrated solutions. The company will consolidate its presence as a dominant player in the $38 billion healthcare business process outsourcing (BPO).
This fosters Apollo Hospitals’ strategic intent of focusing and growing its core healthcare delivery services.
Sutherland has over 30,000 employees working out of 35 operations centers in the United States, Philippines, India, UAE, Egypt, Bulgaria, UK, Canada, Jamaica, Mexico, and Colombia.
“To drive Apollo Health Street’s growth to the next stage of its evolution, it was essential to find the right strategic partner. In Sutherland Global Services, we have found the ideal partner with a proven track-record of excellence in services, technology, and leadership. The combined capabilities of both companies will create a compelling value proposition for our clients,” said Prathap C. Reddy, founder chairman of Apollo Hospitals.
Apollo Health Street’s outcome-based BPO, as well as IT solutions and domain expertise, supports US hospitals, physicians and health plans to improve their current operations. It also address the challenges and opportunities created by healthcare reforms in the United States, including Meaningful Use, Health Insurance Exchanges (HIX), ICD-10, and Accountable Care Organizations (ACOs).
Apollo’s global clients will be able to leverage Sutherland’s infrastructure with access to Sutherland’s suite of analytics-enabled services. Sutherland will utilize Apollo’s domain driven technology, practices, and global resources to expand and secure its leadership position.