Atos has acquired US-based Anthelio Healthcare Solutions for $275 million. The deal significantly boosts Atos’ presence in the healthcare IT and technology market in North America, adding more than 1,700 professionals to the firm’s Healthcare practice.
Anthelio Healthcare Solutions was founded in 1999, and has since grown to become one of the largest healthcare IT technology providers in the US market. The company serves more than 63,000 healthcare professions with IT advisory and solutions, offering end-to-end solutions across IT infrastructure services, IT applications management, EHR optimisation Patient Engagement, Analytics, and Revenue Cycle Management (RCM). Anthelio generated revenues of $200 million last year, with annual revenue growth at 8%, and employs around 1,700 professionals, of which 1,300 are in the US and 400 in India.
According to French-origin Atos, the $275 million deal significantly broadens, strengthens and scales its capabilities within the IT healthcare segment in North America. Through the deal, Atos aims to “optimise 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.”
By 2018, the hope is that the integrated entity will boost the firm’s US healthcare practice into double digit growth, on the back of strong synergies from the acquisition. The combined entity will, according to the firm, boost its healthcare IT revenues to $400 million and its North America revenues to $2.5 billion. Globally the company today books an income of just over $9 billion.
The deal, which was fully financed by cash, was unanimously agreed to by the owners of Anthelio, majority stakeholder Actis and minority holder McLaren Health Care Corporation, and is set to be closed by the end of September.
Michel-Alain Proch, Group Senior Executive Vice President and CEO North American Operations, Atos says, “We are pleased to welcome the Anthelio team to Atos. With their strong and loyal customer base and our combined commitment to providing a world-class customer experience, our ambition with Anthelio is to reinforce our Healthcare footprint in the U.S. and to become the leader in digital healthcare solutions. I am pleased that Asif Ahmad, a recognised leader in the healthcare technology sector, currently CEO of Anthelio Healthcare Solutions, will lead our newly formed healthcare practice in the US.”
Asif Ahmad, CEO, Anthelio Healthcare Solutions, adds, “This is an exciting development for Anthelio and its customers. Our vision has always been to drive high value for healthcare organisations 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”.
Last year Atos bought communications technology and digital transformation firm Unify for €590 million.