An Indian business-platform-management firm has acquired Westminster, Colorado-based population health management company AxisPoint Health, for a reported $14 million.
Hinduja Global Solutions Limited (HGS), has reported that its subsidiary, HGS Population Health LLC, USA, has acquired CMH Services Subsidiary LLC, USA, operating under the trade name of AxisPoint Health. AxisPoint Health is a spinoff of McKesson and was acquired by investors Comvest Partners and Mosaic Health Solutions in June 2015.
The companies did not disclose financial details, but The Business Standard reported that HGS acquired the company for $14 million, and that the move will strengthen HGS' healthcare portfolio with new capabilities in clinical services segment.
AxisPoint Health offers care management, nurse advice line and analytics services, including CarePoint, GuidePoint and Analytix, according to a company press release. The company has around 400 employees including over 280 US registered nurses in the U.S. providing condition and case management programs, a 24/7 nurse advice line, and tools for member identification, stratification and reporting. HGS gains access to over 20 new clients across leading commercial plans, Blues plans and state Medicaid programs.
“The acquisition of AxisPoint Health adds a strategic capability to our healthcare portfolio by strengthening our presence in the clinical services segment, and specifically in the population health management space. Combined with our existing services, we see a huge opportunity to cross-sell solutions to the payer industry,” Partha DeSarkar, Chief Executive Officer, HGS, said.
Ramesh Gopalan, President, global healthcare and head of India Business, HGS said, “The population health management segment is an attractive market, with healthcare payers looking to simplify and personalize the care experience while reducing costs and improving health outcomes. HGS already has a significant presence in the US healthcare market, and we see a lot of synergies with AxisPoint Health’s portfolio of services.”
HGS’ acquisition of, and new investment in, AxisPoint Health’s services will allow the latter to further strengthen its offerings.
“With the support of a global powerhouse behind us, we’ll have the resources we need to continue to provide our clients with the best, most innovative and most efficient solutions that empower members to make the right choices for their health,” Christopher A. Long, CEO of AxisPoint Health, said in a statement. “We are excited about the opportunities ahead and remain committed to working closely with our clients to meet their specific business needs.”