Accentia Technologies looking out for acquisitions in Health Care BPO

Accentia Technologies Ltd has announced that as part of major expansion plans, the Company is on the lookout for BPO companies in Health Care Space in medical transcription in particular, for acquisition. The company is on an acquisition-driven expansion spree and has budgeted US$ 12 million for buyouts in India, the UK, and the US.

The US$ five million company through the acquisition of Geosoft Technologies (Trivandrum) Ltd (GTLL) in March 2006, has its BPO presence with operations located at Thiruvanathapurarn, Pennsylvania and London. BPO operations of the company cater to all the requirements of the IT industry with special emphasis on transcription services, medical billing and coding, insurance claim processing, consultancy services and the alike.

The Company has 600 seater BPO facility located at Techno park, Trivandrum. “In the BPO space, we specialize in the healthcare segment and our vision is to become the partner of choice for offshore transcription, coding and billing services.” said the Company's Director and CEO Pradeep Suseela Viswambharan. “Our solutions are also designed to integrate with virtually all health information, applications and systems. Our skills also help us understand and ensure tighter integration with client systems, a key driver of client usefulness and usability.”

Pradeep told that there is a limit for organic growth and hence the company is going in for inorganic growth in a major way. "Not only MT companies. we are looking for BPO companies in and outside India. We want to spread our wings all across India and aim to become the leader among Indian BPO companies,". The Company recently tied-up with Bangalore-based Asscent Infoserve for using its infrastructure facilities, meant for BPO services. Asscent Infoserve executes the Company’s outsourced business in health care BPO service. Under the strategic alliance with Asscent Infoserve, the Company will utilize the infrastructure strengths of Asscent Infoserve and have access to outsource the 600 BPO facility.

Source : Equity Bulls

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