Cognizant Technology Solutions said it agreed to acquire Bolder Healthcare Solutions LLC, a Kentucky-based provider of revenue cycle management, or RCM, services to the healthcare industry.
Cognizant said the acquisition would enhance its healthcare consulting, IT and business process services to hospitals, physician practices and other specialty care providers. The buyer explained in a statement that RCM software helps "integrate and automate healthcare administrative and medical data to ensure benefit eligibility and accurate billing and collections, greatly reducing the time between delivery of service to payment received."
The transaction, which is subject to satisfaction of closing conditions, is expected to conclude in the second quarter of 2018.
Financial terms were not disclosed.
