PHILIPPINES – Impact investing firm ADEC Innovations has recently acquired the healthcare business of SPi Global in the Philippines, the company announced on its website.
The healthcare business under the legal entity SPi Healthcare, Inc., provides revenue cycle management and various healthcare back-office support services to its clients in the US through its delivery centers in Manila and Dumaguete.
“SPi Healthcare is a natural and strategic fit for ADEC Innovations. It further strengthens our leadership position in data management and complements our comprehensive portfolio of Sustainable Business Solutions,” revealed ADEC Innovations CEO James Donovan.
He added, “SPi has long been considered a leader in the healthcare BPO space and its operations team is fully equipped to establish and grow this business successfully with us.”
With more than 20 years of experience in solutions development and a global footprint that covers North America, Europe, Australia, Asia and Africa, ADEC Innovations designs, develops and delivers a wide range of Sustainable Business Solutions to meet the Environmental, Social and Governance (ESG) thrust of the world’s leading organizations.
“We have found a good home for our healthcare business where it can focus on growth plans to take advantage of the industry’s strong performance. This transaction also allows SPi Global to focus on its core business of providing technology-enabled solutions like digital publishing, e-learning and legal research to various industries, and making content adaptable, actionable and accessible to our global customers,” said SPi Global President and CEO Ratan Datta.
Beyond maintaining SPi’s long-standing reputation in delivering data and streamlined processes while retaining customer and stockholder satisfaction, ADEC Innovations is aiming to dominate the health solutions sector.
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“The robust healthcare industry’s goal is to hit the US$5 billion mark by 2020. With this acquisition, we are better positioned to be the preferred global health solutions provider, leveraging our data-as-a-service and technology expertise with SPi’s recognized healthcare solutions,” Donovan further explained. – BusinessNewsAsia.com