Aurionpro acquires Hello Patients Solutions Inc, a startup based in USA

Aurionpro Fintech Inc., an Aurionpro subsidiary based in USA, announces acquisition of Real Patient Solutions Inc. d.b.a. Hello Patients Solutions Inc (Hello Patients), a startup registered in the State of Delaware, USA. Hello Patients provides a healthcare billing and patients' management solution that leverages Aurionpro's technology for payments processing. Aurionpro Fintech Inc. provides technology platform to payments service providers in USA.

Hello Patients is designed to revolutionize patient engagement and practice management through its cutting edge SaaS solution and integrated with Aurionpro payment capabilities, the transaction enables Aurionpro to gain significant capability in this exciting growth market. This opportunity to acquire a promising, high-growth firm with strong technology assets and a highly experienced team, came about due to the current very difficult funding environment for technology startups globally. Through this acquisition Aurionpro will acquire the entire stake in Hello Patients in an all cash transaction for a consideration of US$ 250,000. Aurionpro's unique positioning as a global provider of IP-led platforms as well as strong balance sheet enabled it to execute swiftly on this unique opportunity that aligns very well with its long term strategy and creates significant long term value for shareholders.

Mr. Raj Biyani, EVP-North America, while announcing this deal said that "this acquisition will open a new line of recurring revenue stream, inclusive of SaaS and processing revenue. There is a very strong business case and this aligns very well with our long term strategy as well as our tech initiatives such as intelligent Chatbot in healthcare vertical. This transaction has the potential to elevate the current Hello Patients offerings and create significant revenue growth. In future, we plan to extend the offerings to other geographies including India jointly with AuroPay."

Source : Equity Bulls

Keywords

AurionproSolutions Subsidiary AurionproFintech Acquisition RealPatientSolutions HelloPatients Startup