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Cognizant and Health Care Service Corporation (HCSC) Expand Strategic Relationship; Cognizant to Purchase HCSC Subsidiary TMG Health and Enter into Multi-Year Services Agreement

Source Cognizant Technology Solutions
Published Date 6/14/2017
Combination of TMG Health Capabilities and TriZetto Software Will Enable Cognizant to Offer Enhanced Business Process Platforms and Services for Government and Public Health Programs

Cognizant (NASDAQ: CTSH) today announced it has entered into a definitive agreement to purchase Health Care Service Corporation's (HCSC) subsidiary TMG Health. As part of the expansion of Cognizant's strategic relationship with HCSC, TMG Health will enter into a new, expanded multi-year service agreement to continue providing information technology, business process and other services to HCSC's various operating units and subsidiaries. The transaction is expected to close in the third quarter of 2017, subject to satisfaction of the closing conditions, including regulatory reviews. Financial details were not disclosed. ...
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Featured Companies
Cognizant Technology Solutions
Teaneck, NJ
Health Care Service Corporation (HCSC)
Chicago, IL
TMG Health, A Cognizant Company
Conshohocken, PA

Company Representatives Featured
Kaushik Bhaumik
[Global Practice Leader]
Cognizant Technology Solutions
Andy Napoli
[Senior Vice President and Chief Customer Service Officer]
Health Care Service Corporation (HCSC)
Susan E. Rawlings Molina
[President and CEO]
TMG Health, A Cognizant Company
Jodi Sorensen
[Director of Marketing Communications]
Cognizant Technology Solutions
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