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. ... |