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Corporate News | Avantha acquires US healthcare solutions co

Corporate News | Avantha acquires US healthcare solutions co
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First Published: Wed, May 19 2010. 11 22 PM IST
Updated: Wed, May 19 2010. 11 22 PM IST
New Delhi: Avantha Group has entered into a definitive agreement with Florida, US-based Pyramid Healthcare Solutions (PHS) to acquire 100 % stake in the company. The stake is valued at $20million of which $14.5 million has been paid upfront while the balance will be paid after two years. Manoj Malhotra, CEO of Avantha Group’s IT & ITeS company Salient Business Solutions will have additional responsibility as President of Pyramid Healthcare Solutions.
Staff Writer
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First Published: Wed, May 19 2010. 11 22 PM IST