 "Global healthcare IT sector raised $1.6 bn in Q2 2016: Mercom")
Tech Mahindra Ltd has signed a definitive agreement to acquire CJS Solutions Group LLC, a US-based healthcare information technology consulting company which does business as (DBA) the HCI Group.
Tech Mahindra will make an upfront payment of $ 89.5 million for purchase of 84.7 percent stake in the HCI Group, with the balance 15.3 percent stake to be acquired over a period of three years. As per the deal, the enterprise value of the HCI Group is $ 110 million. For 12-month period ended September 30, 2016, the HCI Group had revenues of $ 114 million.
Headquartered in Jacksonville (Florida), the HCI
