WNS buys HealthHelp for about $95 million

BENGALURU: WNS said it bought US-healthcare company HealthHelp for about $95 million as the business process outsourcing firm looks to boost its offerings for the insurance and healthcare industry.

HealthHelp currently employs approximately 400 medical and operational professionals in the United States. HealthHelp provides benefits management across several key specialty healthcare areas, including Radiology, Cardiology, Oncology, Sleep Care, Orthopedics, and Pain Management.

““With the acquisition of HealthHelp, WNS has taken a major step forward in strengthening our end-to-end Healthcare and Insurance BPM offerings. WNS plans to leverage HealthHelp’s industry-leading capability in care management to address the needs of payor, provider and insurance organizations,” Keshav Murugesh, WNS’ Chief Executive Officer, said in a statement.

This is the BPO company’s second acquisition this year. It agreed to buy procurement BPO company Denali for $40 million in January.

The acquisition cost of $95 million excludes adjustments for cash, debt and working capital. WNS said it funded the transaction primarily with long-term debt.

The acquisition of HealthHelp is expected to contribute about $2.3 million in revenue for WNS in the fiscal year ending March 31, 2017, and to be immediately add to earnings, excluding about $1.4 million of one-time transaction costs.
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