Infosytis India’s chief executive officer Anupam Dattatreya has acquired the WellCare subsidiary of Infosyn for Rs 7,000 crore, making it the world’s biggest healthcare provider.
Dattatreyan will also acquire a stake in the global well care company, which will help expand its presence in India.
Infosy has over 1,400 locations across the country.
Dettatreyan said that the acquisition of the company is in line with his vision of India as a leading global business platform for healthcare and well-being.
The acquisition will enable the company to further invest in our platform to become the global leader in providing services for patients and healthcare professionals, he said.
Duttatreyan is also expected to take a shareholding in the Wellcare group.
Infoysy will operate the Well Care business under its existing brand, as well as in other business lines, with a new focus on offering services to healthcare professionals.
The InfosYS-WellCare deal is expected to close in the first half of 2018.
The investment will strengthen Infosvy’s balance sheet, according to the company.
InfoSys shares rose by 8.6% in premarket trading on Monday.