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December 10, 2012

Deal Alert: Sutherland Global Services to acquire Apollo Health Street

Rochester, US-headquartered BPO firm Sutherland Global Services is to acquire Chennai-based healthcare BPO firm Apollo Health Street Ltd. (AHS), an associate company of listed entity Apollo Hospitals Enterprises Ltd. The transaction is expected to close by February 2013. 

The acquisition is projected to position the combined organization as a leading healthcare service provider with comprehensive IT and business process integrated solutions and consolidate its presence as a dominant player in the $38 billion US healthcare BPO market. 

Apollo Health Street provides customized strategic support services to more than 150 healthcare partners throughout the US from 10 global operational centers of excellence. 

From the Venture Intelligence PE Deal database: Investors in Apollo Health Street include Temasek and JP Morgan (who had together invested $7.5 M in Jan-2005 and $25 M in Sep-2007).

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