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Hinduja Global Solutions (HGS) Inc, the US subsidiary of BPO firm Hinduja Global Solutions, has signed an agreement to acquire Deloitte’s healthcare revenue cycle outsourcing business.
However, the company did not disclose the acquisition amount of the all-cash transaction.
The company has entered into an asset purchase agreement with Deloitte Consulting and Deloitte Consulting Extended Business Services for the buy, it said in a statement.
The transaction is expected to result in incremental revenue of $11 million. Hinduja Global Solutions Inc plans to close the transaction early October, it added.
The Extended Business Office Solutions (EBOS) business comprises accounts receivable processing services and insurance eligibility verification services. It caters to several US hospitals and post this transaction, HGS Inc will have access to its customer base.
HGS has significant presence in the healthcare sector. This transaction will further strengthen the company’s ability to deliver outsourcing services to hospitals and healthcare service providers.
The Mumbai-based Hinduja Global Solutions, a part of the business conglomerate Hinduja Group, provides outsourcing solutions including back office processing, contact centre services and customised IT-enabled services and solutions.
rajesh.kurup@thehindu.co.in
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