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Cognizant to buy TMG Health, inks multi-year pact with HCSC

Press Trust of India  |  New Delhi 

IT services firm today said it will purchase Health Care Service Corporation's (HCSC) subsidiary TMG Health for an undisclosed amount.

The will strengthen Cognizant's offerings in the and public health space.

"TMG Health will (now) enter into a new, expanded multi- year service agreement to continue providing IT, business process and other services to HCSC's various operating units and subsidiaries," said in a statement.

The is expected to close in the third quarter of 2017, it added.

No financial details were disclosed.

TMG Health, an HCSC subsidiary since 2008, has offices in Pennsylvania and Texas. It is a provider of services to various medical support programmes in the US.

"business lines are expanding, and more payers, big and small, are entering the market. We believe there is a growing opportunity," TMG Health President and CEO Susan Rawlings Molina said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 13 2017. 20:13 IST