Perot Systems is to acquire Vision Healthsource India, as well as its US marketing operation, Vision Healthsource.
Vision, a provider of billing and claims technology for healthcare service providers, has a client base of more than 25 healthcare billing companies in the US.
Vision, which has around 500 employees, will become a part of Perot Systems' healthcare group, the company's largest industry group, and the acquisition will result in an expansion of Perot Systems' healthcare business process outsourcing (BPO) capabilities.
Once the acquisition is complete Vision will continue to operate as an independent company, with the existing management still in place. Perot Systems has agreed to acquire Vision for $10 million - $3 million in cash at closing, and an additional $7 million if certain performance targets are met through 2006. For the 12 months ending December 2002, Vision had revenues of approximately $2.4m.
The proposed acquisition of Vision by Perot is the latest in a number of mergers and acquisitions in the Indian BPO industry, indicating that the industry is going through a consolidation
John Ribeiro writes for IDG News Service