WNS acquires Texas-based HealthHelp for Rs 632 crore

HealthHelp provides benefits management across specialty healthcare areas

Nasdaq-listed business process management firm WNS has acquired HealthHelp to enhance its services in the healthcare segment.

The company will pay Rs 632 crore ($95 million) to buy Texas-based HealthHelp, which provides benefits management across specialty healthcare areas like radiology, cardiology, oncology, sleep Care, orthopedics, and pain management.

Nearly 88 per cent of the transaction amount for this deal was funded by a long-term debt, said a company spokesperson. HealthHelp deal is likely to contribute nearly $2.3 million in revenue for the company in the current fiscal ending March 31, 2017. WNS had a cash pile worth nearly Rs 1000 crore ($150 million) as on December 31, 2016.

"With this acquisition, WNS has taken a major step forward in strengthening our end-to-end Healthcare and Insurance BPM offerings. The company plans to leverage HealthHelp's industry-leading capability in care management to address the needs of payor, provider and insurance organizations," said Keshav Murugesh, chief executive of WNS, adding that "HealthHelp's deep industry expertise, differentiated market approach and extensive use of technology and analytics make the firm an excellent fit for WNS".

The company said HealthHelp's scalable technology platform can process more than 70 per cent of its current assessments automatically using predictive analytics, thereby ensuring faster and accurate medical data.

WNS acquired US-based Denali Sourcing Services for nearly Rs 266 crore ($40 million) in January to gain strengths in the sourcing and procurement area. While the business numbers from this firm will not be significant, Murugesh said, WNS is close integration by the end of this year.