Atos to acquire Anthelio for $275 million

NEW DELHI: Digital services firm Atos is to buy healthcare technology solutions company Anthelio Healthcare Solutions for about $275 million,  is the largest independent provider of healthcare technology solutions in North America,

Anthelio, which has a centre in Hyderabad, generates about $200 million of annual revenue, and is growing at 8 per cent.

With this acquisition, Atos to reach a broader customer base in the U.S. healthcare market by strengthening the scale and scope of its services. The combined organization will support Atos customer’s need to better optimize financial performance, improve the patient care experience, engage patients through state-of-the-art applications and address the increasing demands of security, risk and compliance.

Anthelio generates about US$200 million of annual revenue growing at 8%. Thanks to strong revenue synergies, the Group expects the newly formed US healthcare practice to reach double digit organic growth in 2018.

“I am pleased that Asif Ahmad, a recognized leader in the healthcare technology sector, currently CEO of Anthelio Healthcare Solutions, will lead our newly formed healthcare practice in the US," said Michel-Alain Proch, Group Senior Executive Vice President and CEO North American Operations, Atos.

“Our vision has always been to drive high value for healthcare organizations by solving complex clinical and business problems. Combining Atos’ leadership in global digital services with Anthelio’s leadership in Healthcare Technology and Revenue Cycle Management is unprecedented. This acquisition addresses the many core clinical and financial processes that hospitals and physicians are faced with today," said Asif Ahmad, CEO, Anthelio Healthcare Solutions.

Atos is acquiring Anthelio from Actis, a leading London-based growth markets investment firm, its majority shareholder since November 2010, as well as from McLaren Health Care Corporation, a leading fully integrated health network and the largest customer of Anthelio.

Philip A. Incarnati, President and CEO of McLaren Health Care Corporation said “As a long-time partner of Anthelio, I trust that Atos is the right choice to support McLaren’s future growth and digital transformation through our renewed 5-year contract”.

Anthelio is recognized by Black Book for its outsourcing services in both HIM (Health Information Management) and IT Infrastructure, and also brings more than 1,700 healthcare professionals to Atos, of which 1,300 are in the U.S and 400 in India.

With strong reputation and quality-driven culture coupled with Atos’ proven healthcare digital transformation solutions, this acquisition will provide customers with expanded technology offerings that provide sustainable value in today’s evolving healthcare environment.

The intended acquisition received the unanimous support of both the Atos and Anthelio Boards of Directors. The transaction is expected to close before the end of September 2016.