 "Cognizant acquires TMG Health for an undisclosed amount")
Cognizant has entered into a definitive agreement to purchase TMG Health for an undisclosed amount. TMG Health is a subsidiary of health insurance major Health Care Service Corporation (HCSC) and a business process services provider to healthcare firms in US.
The transaction is expected to close in the third quarter of 2017, subject to satisfaction of the closing conditions, including regulatory reviews.
TMG's healthcare business and technology professionals will become employees of Cognizant post the deal. Cognizant expects the new acquisition would further expand its breadth of digital transformation solutions for healthcare payers and providers, in addition to its 2014
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