HTC Global in talks for acquiring US healthcare company

The US-based privately held HTC Global Services - an IT services company - is negotiating to buy a healthcare services company while also looking at boutique firms in the mobility (mobile application) space, a senior official has said.

The company is also expanding its operations in the US, India and South Korea.

HTC Global Services plans to add 10,000 more people over couple of year's time. Currently the company has over 6,500 employees, he said.

"We are looking at a company operating in the healthcare space in the US. The company has a turnover of around $160 million. There are couple of suitors for that company some from India," Chary Mudumby, executive vice president, told IANS.

He said if HTC Global Services bags the company, it would help it to grow in the healthcare provider (hospitals) space.

Referring to the recent acquisition of the US-based TriZetto by Cognizant for $2.7 billion, Mudumby said the trend is towards acquisition led growth.

He said Cognizant acquisition of TriZetto will not have negative or positive impact on HTC Global Services.

On the expansion plans in the US, Mudumby said HTC Global Services has acquired a 15-floor property in Michigan and will be shifting some of its operations there.

In India HTC Global Services will focus on the banking, retail and other sectors.