Cognizant to buy IT services provider Trizetto for $2.7 billion

Will fund the deal through a combination of cash and debt

Cognizant Technology Solutions Corp said it would buy privately held healthcare IT services provider TriZetto Corp for $2.7 billion in cash.

 

Cognizant said the deal would immediately add to adjusted profit.

 

The company said it would fund the deal through a combination of cash and debt and had secured $1 billion in financing.