<article>Software services provider <a style="color: #000080;" href="http://www.techmahindra.com/" target="_blank">Tech Mahindra Ltd </a>on Monday announced that it will acquire US-based healthcare consulting firm CJS Solutions Group for an enterprise value of $110 million.</article>

Software services provider <a style="color: #000080;" href="http://www.techmahindra.com/" target="_blank">Tech Mahindra Ltd </a>on Monday announced that it will acquire US-based healthcare consulting firm CJS Solutions Group for an enterprise value of $110 million.
As per the agreement, Tech Mahindra, through its US subsidiary, will initially acquire 84.7 per cent stake in CJS for an upfront cash payment of $89.5 million, while the remaining 15.3% will be be acquired over the next three years, the company said in press statement.
&#8220;Healthcare is one of the few sectors globally that is driving adoption of digital technolgies. The acquisition will not only position Tech Mahindra as a significant player in the healthcare provider space, but will also provide opportunity to go deeped in this space via EMR implementation and surrounding services route,&#8221; said CP Gurnani, MD and CEO of Tech Mahindra.
CJS Solutions Group, doing business as The HCI Group, is focused on the healthcare space, and specialises in implementations of Electronic Medical Records software to healthcare services providers in the US and UK.
CJS clocked revenues of $114 million for the twelve month period ended September 2016. The company has a presence in Europe, Middle East and Asia Pacific, and employs more than 500 professionals globally.
The transaction is expected to close before the end of April 2017.
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Software services provider Tech Mahindra Ltd on Monday announced that it will acquire US-based healthcare provider CJS Solutions Group for an enterprise value of $110 million.

India: Tech Mahindra to acquire US-based CJS Solutions for $110m

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India: Tech Mahindra to acquire US-based CJS Solutions for $110m

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