Cognizant-TriZetto deal raises hope of similar deals at home

Cognizant’s $2.7 billion deal to acquire healthcare IT services provider TriZetto has raised hopes of similar transactions in the sector at home.

Analysts and industry players believe that growing healthcare spending in the US, after President Barack Obama ushered in new sets of reforms to include uninsured Americans, should see more such deals in the US as it represents an over a $3 trillion opportunity.

“Obamacare is opening up a vast new business opportunity as the role of technology is growing in importance as new demand is created from the different requirements of Obamacare,” said Arnab Gupta, founder and executive chairman of Opera Solutions, a New Jerseybased data analytics firm.

Earlier this year, Opera, in which Bangalore-based Wipro has an over 14 per cent stake, won a $20-million (Rs 120 crore) one-year contract from the US government, which earlier this year adopted the Patient Protection and Affordable Care Act, otherwise referred to as ‘Obamacare’ after President Barack Obama.

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