Cognizant Being Sued by Syntel over TriZetto Acquisition | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Cognizant Being Sued by Syntel over TriZetto Acquisition

January 20, 2015
by Gabriel Perna
| Reprints

Cognizant, the Teaneck, N.J.-based consulting and business process outsourcing services company, is being sued for more than $6 billion over its recent acquisition of TriZetto.

The acquisition, announced last September, completed in November, and totaling $2.7 billion, did not sit well with Syntel, a global company with an American headquarters in Troy, Mich. According to the lawsuit, first reported by Reuters, Cognizant and TriZetto mishandled confidential information, broke  a contract, and refused to pay Syntel millions owed over “transition rebates.”'

Syntel is seeking $6.1 billion in punitive damages based on Cognizant's net worth and $3.4 million from TriZetto. Syntel is a competitor of Cognizant.

Read the source article at reuters.com

Topics

News

Dignity Health, CHI Merging to Form New Catholic Health System

Catholic Health Initiatives (CHI), based in Englewood, Colorado, and San Francisco-based Dignity Health officially announced they are merging and have signed a definitive agreement to combine ministries and create a new, nonprofit Catholic health system.

HHS Announces Winning Solutions in Opioid Code-a-Thon

The U.S. Department of Health and Human Services (HHS) hosted this week a first-of-its-kind two-day Code-a-Thon to use data and technology to develop new solutions to address the opioid epidemic.

In GAO Report, More Concern over VA VistA Modernization Project

A recent Government Accountability Office (GAO) report is calling into question the more than $1 billion that has been spent to modernize the Department of Veterans Affairs' (VA) health IT system.

Lawmakers Introduce Legislation Aimed at Improving Medicare ACO Program

U.S. Representatives Peter Welch (D-VT) and Rep. Diane Black (R-TN) have introduced H.R. 4580, the ACO Improvement Act of 2017 that makes changes to the Medicare accountable care organization (ACO) program.

Humana Develops Medication Management Tool

A new tool developed by Humana enables the company’s members to keep a list of their medications in one place.

Four Hospitals Piloting OurNotes Initiative in 2018

Beginning in January, four academic hospitals—Beth Israel Deaconess Medical Center in Boston, University of Washington in Seattle, Dartmouth-Hitchcock Medical Center in Lebanon, New Hampshire and University of Colorado in Boulder—will begin piloting a new digital tool called OurNotes that enables patients to contribute to their clinical notes.