Apollo Health Street acquires Zavata Inc.

Chennai Online:
August 31, 2007

Chennai, August 31: Apollo Heath Street (AHS) a global healthcare outsourcing solutions provider has announced the acquisition of Zavata Inc., an Atlanta based Business Process Outsourcing (BPO) and Enterprise Support (ES) solutions company. The deal is valued at Rs. 697 crore.
AHS chairman Dr. Pratap Reddy said the acquisition will strengthen AHS's position as a leading provider of outsourcing solutions to the healthcare industry and also provide its clients a more comprehensive set of service offerings. This is the fourth acquisition that Apollo Heath Street has made and second in the US provider space. Both AHS and Zavata have trained professionals in their service centers in the US and India, allowing them to leverage technology, time zone differences and human expertise to deliver the right solutions to their clients, he said adding that the combined organisation will have more than 100 customers and over 2,500 employees spread across multiple location in the US and in India.
The combined organisation would be the largest focused healthcare BPO organization in the country with a significant IT business, Dr Reddy claimed. The key differentiator is that AHS is pure healthcare focused and leverages its domain in delivering value to its clients. Further, it has the most extensive experience in adapting the global delivery model to the healthcare industry, he pointed out.
Dr Reddy said every other sector including financial services or manufacturing has benefited from the global delivery model and the US Healthcare market is also beginning to take advantage of it. "AHS has always differentiated itself through its deep domain knowledge and healthcare background and the acquisition of Zavata will enable it to further improve the financial strength and liquidity for the healthcare industry, enabling healthcare organizations to focus on their core objective of providing high quality patient care." adds Dr Reddy.