India-based IT services company Infosys on Wednesday announced that it has entered into a definitive agreement to acquire Optimum Healthcare IT.
Infosys plans to acquire Jacksonville Beach, Florida-based Optimum for $465 million in an all-cash transaction to expand its healthcare capabilities, according to an SEC filing. The investment will “significantly strengthen” Infosys’ presence among providers by adding new customers, expanding its technology capabilities and creating synergies across new purchasing centers, according to the announcement.
Infosys CEO Salil Parekh said in a statement that Optimum’s expertise and customer engagement “has established a strong position in the healthcare space by consistently delivering measurable results.”
“By integrating Optimum’s provider experience with Infosys Topaz and Infosys Cobalt, we are able to create a differentiated value proposition for healthcare providers, accelerating end-to-end cloud, data and digital transformation at scale,” Parekh said. “We are pleased to welcome Optimum Healthcare and its leadership team to Infosys as we advance our shared vision for the future of healthcare.”
The acquisition will give providers using Optimum Healthcare IT access to Infosys’ artificial intelligence and cloud offerings.
Infosys also entered into a definitive agreement to acquire technology solutions provider Stratus for $95 million in an all-cash transaction, according to an SEC filing.
These transactions are expected to close during the first quarter of fiscal 2027 and are subject to customary closing conditions, including regulatory approvals.
Gene Scheurer, CEO and co-founder of Optimum Healthcare IT, said in a statement: “Thanks to Infosys’ long-term investment and global scale, we are well-positioned to accelerate AI and digital-led growth and expand our offerings while maintaining the values, service model, and focus on healthcare that our clients trust.”
As part of the acquisition, private equity firm Achieve Partners announced it would exit its investment in Optimum. According to the announcement, the company acquired management rights in June 2020.
“Optimum’s impressive growth is not only a testament to the company’s ability to meet customer needs, but also the critical role new talent plays in addressing the ongoing healthcare IT talent shortage across a wide range of technology stacks,” Achieve Managing Director Aanand Radia said in a statement. “We look forward to watching their continued expansion and success under Infosys’ leadership.”
