Apollo Hospitals arm buys US firm Zavata

Apollo Hospitals arm buys US firm Zavata
Comment E-mail Print Share
First Published: Thu, Aug 30 2007. 12 04 PM IST
Updated: Thu, Aug 30 2007. 12 04 PM IST
By Reuters
Mumbai: Apollo Hospitals Enterprise Ltd’s associate firm, Apollo Health Street Ltd, has acquired Atlanta-based Zavata for about $180 million, a company source said on 30 August.
Zavata is a healthcare-focussed business process outsourcing firm with about 1,000 employees, the source said on condition of anonymity.
The deal was funded through a mix of debt and equity, the source said.
Apollo Hospitals owns 46% in Apollo Health Street.
Comment E-mail Print Share
First Published: Thu, Aug 30 2007. 12 04 PM IST