Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the completion of another highly successful transaction in the Healthcare BPO industry. Clearsight served as the exclusive strategic and financial advisor to Deloitte Consulting LLP (“Deloitte”) on the highly successful divestiture of its healthcare revenue cycle outsourcing business, Extended Business Office Solutions (“EBOS”), to Hinduja Global Solutions (“HGS”), an India-based BPO firm and division of Hinduja Group.
EBOS provides outsourced revenue cycle management services comprised of accounts receivable processing services and insurance eligibility verification services on behalf of healthcare providers. EBOS processes over 2 million patient accounts annually and employs approximately 400 employees in Hyderabad, India and the United States.
HGS has significant presence in the healthcare sector and the transaction further strengthens its ability to deliver outsourcing services to U.S. based hospitals/providers. “This transaction highlights the continued M&A activity from offshore BPO firms seeking to expand their U.S. presence, particularly in the healthcare segment”, said Joel Kallett, Managing Director of Clearsight.
“The Clearsight team served as a critical extension of the Deloitte team in executing this unique corporate divestiture. Their commitment and senior level attention throughout the process was unparalleled”, said Jack Russi, National Managing Partner, Corporate Development of Deloitte.