IT firm Cognizant to buy TMG Health from Health Care Service Corporation
Cognizant’s offerings in the government and public health space will be stronger once it acquires TMG Health from HCSC.business Updated: Jun 14, 2017 14:09 IST
IT services firm Cognizant on Tuesday said it will purchase TMG Health, a subsidiary of Health Care Service Corporation (HCSC), for an undisclosed amount.
The transaction will strengthen Cognizant’s offerings in the government and public health space.
“TMG Health will (now) enter into a new, expanded multi- year service agreement to continue providing IT, business process and other services to HCSC’s various operating units and subsidiaries,” Cognizant said in a statement.
The transaction is expected to close in the third quarter of 2017, it added.
No financial details were disclosed.
TMG Health, an HCSC subsidiary since 2008, has offices in Pennsylvania and Texas. It is a provider of BPO services to various medical support programmes in the US.
“Government business lines are expanding, and more payers, big and small, are entering the market. We believe there is a growing opportunity,” TMG Health president and CEO Susan Rawlings Molina said.