News : Cognizant Buys Health-care IT Provider
Sept 15, 2014 -- In its biggest deal ever, New Jersey-based Cognizant Technology Solutions has agreed to buy Colorado health-care IT services provider TriZetto.
An information technology, consulting and business process outsourcing company, Cognizant also provides claims processing, billing solutions and call center operations to insurers, hospital and health-care exchanges established under the Affordable Care Act.
Cognizant’s acquisition of TriZetto from private equity firm Apax Partners could boost revenue for the company’s sluggish health-care business. According to Reuters, TriZetto, whose services include care management and administration of benefits, reaches 245,000 health-care providers, "representing more than half of the insured population in the United States."
Cognizant CEO Francisco D’Souza said: "Healthcare is undergoing structural shifts due to reform, cost pressure and shifting responsibilities between payers and providers. This creates a significant growth opportunity, which TriZetto will help us capture."
Posted by Veronica Silva Cusi, news correspondent
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About Cognizant Technology Solutions:
Our unique onsite / offshore global delivery model is guided by dedication to client satisfaction With an advanced global delivery platform, Cognizant 2.0, we can share knowledge and efficiently manage projects across our far-flung enterprise. It allows us to provide you with the most cost-effective and comprehensive, end-to-end, advanced solutions.
Published: Tuesday, September 16, 2014