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“I truly believe that Tech Mahindra is the right partner for us to improve the healthcare industry through a combination of disruption, innovation and cost reduction. What better way to support our customers than by joining with the global leader in digitalisation and connected technologies,” The HCI Group chief executive officer Ricky Caplin, said in  a statement. 

The transaction is expected to close by April this year subject to regulatory approvals, the release said.

The HCI Group’s services include enterprise-wide advisory services, with a focus on IT system implementation and training, as well as specialty service lines in integration, testing, go-live, clinical adoption, optimisation, HIMSS EMRAM and cyber security. 

Healthcare and Life Sciences has been one of the focus areas for Tech Mahindra globally and the acquisition will help in consolidating the company’s position in this space, cited the release. 

Tech Mahindra is $4.2 billion (nearly Rs 27,941.6 crore) company with 117,000 plus professionals across 90 countries, which helps over 837 global customers including Fortune 500 companies.

On Tuesday, at 14:40 hours, the stock of Tech Mahindra was trading up 0.21% or Rs 1.05 at Rs 500.30 on the BSE.  

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