Wipro buys US-based HealthPlan Services for $460 million

Wipro signed an agreement to acquire the US-based HealthPlan Services from Water Street Healthcare Partners for $460 million. This is Wipro’s fourth acquisition in the last six months

• By partnering with HealthPlan Services, Wipro gains the competitive, first-mover advantage in the high growth public and private exchange space for individual, group and ancillary markets.
• The Health Plan acquisition is Wipro’s largest since it bought Infocrossing in 2007 for $600 million.

Keypoints:

• Wipro CEO : Abidali Z. Neemuchwala
• HealthPlan Services CEO: Jeff Bak