Patni bags mega contract; buys CHCS Services

IT and BPO service provider Patni said it bagged a multi-million dollar five-year agreement for providing end-to-end policy administration services for Universal American Corp, a US health insurance company. In addition, Patni has signed a definitive agreement to acquire CHCS Services, Inc, a wholly-owned subsidiary of Universal American. Patni CEO Jeya Kumar said, This represents the largest win in the company s history and this strategic acquisition of CHCS Services is a strong validation of Patni s differentiated micro-vertical strategy. This move takes on dual significance for Patni in terms of growing our global Life and Healthcare Insurance business as well as ...

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