Good for the blokes at Craneware. If you’re going to sell your company to be over-leveraged and sold-off piecemeal, leaving…
Tech Mahindra Will Acquire The HCI Group for $110 Million
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.
Not a comment on your content, but I appreciate how open you are when you get something wrong, “(update: I incorrectly stated that new purchases reported to the SEC on Friday had raised Elliott’s ownership to 16 percent, but it remains at 8.3 percent).” It’s refreshing, and appropriate. Thanks much.