Cain in the News: MTS Health exits HealthHelp
March 28, 2017
March 23, 2017 – WNS has acquired HealthHelp, a portfolio company of MTS Health Investors, for $95 million. HealthHelp, of Houston, provides specialty benefits management. Cain Brothers provided financial advice to WNS.
WNS Holdings (NYSE: WNS), a leading global business process management company based in Mumbai, India, has acquired HealthHelp, a portfolio company of MTS Health Investors and industry leader in care management. HealthHelp works closely with both payors and providers to help improve patient outcomes and drive long-term, sustainable cost savings for the healthcare industry. The company’s solutions are delivered by combining a proprietary technology platform rooted in evidence-based medical research, high-end predictive analytics, and deep healthcare industry expertise.
WNS retained Cain Brothers to assist with identifying potential acquisition opportunities, with a particular focus on US-based companies that leverage technology and analytics to deliver superior cost savings to payer clients. Cain Brothers advised WNS during all phases of the HealthHelp acquisition process, including but not limited to valuation, due diligence, deal structuring, negotiations and transaction documentation.
“With the acquisition of HealthHelp, WNS has taken a major step forward in strengthening our end-to-end Healthcare and Insurance business process management offerings. WNS plans to leverage HealthHelp’s industry-leading capability in care management to address the needs of payor, provider and insurance organizations,” said Keshav Murugesh, WNS’ Chief Executive Officer. “HealthHelp’s deep industry expertise, differentiated market approach and extensive use of technology and analytics make this asset an excellent fit for WNS.”
Consideration for the transaction is approximately $95 million and WNS intends to fund the acquisition primarily with long-term debt. The acquisition of HealthHelp is expected to be immediately accretive to earnings excluding one-time transaction costs. WNS offers business value to 200+ global clients by combining operational excellence with deep domain expertise in a number of key industry verticals including healthcare, insurance, banking and financial services.