What is this deal between Hinduja Global and Barings PE?
Answer
Answer
Hinduja Global Solutions has signed an agreement with Baring Private Equity to divest its healthcare services business for an enterprise value of $1.2 billion. The deal is expected to be completed over the next 3 months. The healthcare services business of Hinduja Global currently employs over 20,000 personnel across India, Philippines, Jamaica and the US.
In FY21, the healthcare services business had reported revenues of $400 million as per international filings. The healthcare services vertical of Hinduja Global is a tech enabled business that provides solutions in order to enable healthcare teams to deliver better patient outcomes as well as financial results.