Wipro acquires HealthPlan Services for $460 Million
Wipro Limited has acquired Wipro HealthPlan Services , one of the leading technology and Business Process-as-a-Service (BPaas) provider in the U.S. health insurance market. As part of the deal, Wipro will acquire 100% of HealthPlan Services’ shares for US$460 million. “The partnership with HealthPlan Services positions Wipro to participate in the shift of the US health insurance industry towards a consumer-centric business model. HealthPlan Services strengthens Wipro’s position in the health insurance exchange market while offering synergies with Wipro’s presence in the Managed Medicare and Commercial Group Insurance markets . The addition of HealthPlan Services’ capabilities complements Wipro’s strengths in claims processing and backoffice services. This is a strategic move for us, as it advances Wipro’s vision of leveraging unique insights into customer buying behaviour and applying this across the healthcare value chain....