Mumbai, India-based IT services firm Tech Mahindra will acquire consulting firm The HCI Group for $110 million.
Tech Mahindra said in a statement, “Healthcare is one of the few sectors globally that is driving adoption of digital technologies. The acquisition will not only position Tech Mahindra as a significant player in the healthcare provider space, but will also provide an opportunity to go deeper in this space via EMR implementation and surrounding services route.”
Jacksonville, FL-based The HCI Group reports annual revenue of $114 million and has 500 employees.
Tech Mahindra has annual revenue of $4.2 billion and has 117,000 employees in 90 countries. It is part of the Mahindra Group conglomerate.