India-based IT services firm Infosys announced Wednesday that it has a definitive agreement in place to purchase Optimum Healthcare IT.
Infosys will buy Jacksonville Beach, Fla.-based Optimum for $465 million in an all-cash deal as it works to strengthen its healthcare capabilities, according to an SEC filing. The investment “significantly enhances” Infosys’ presence among providers, the announcement said, through the addition of new clients, expansion of technological capabilities and creation of synergies across new buying centers.
Infosys CEO Salil Parekh said in a statement that Optimum has “established a strong position in the healthcare sector by consistently delivering measurable outcomes” with its expertise and client engagements.
“By bringing together Optimum’s provider experience with Infosys Topaz and Infosys Cobalt, we are positioned to create a differentiated value proposition for healthcare providers—accelerating end-to-end cloud, data and digital transformation at scale,” Parekh said. “We are pleased to welcome Optimum Healthcare and its leadership team to Infosys as we advance our shared vision for the future of healthcare.”
Through the acquisition, providers using Optimum Healthcare IT will be able to access Infosys’ artificial intelligence and cloud offerings.
Infosys has also entered a definitive agreement to acquire technology solutions provider Stratus for $95 million in an all-cash deal, per the SEC filing. Â
The deals are expected to close during the first quarter of fiscal year 2027 and are subject to customary closing conditions, including regulatory approvals.Â
“From the beginning, Optimum was built to deliver results through a focus on execution, collaboration and quality,” said Gene Scheurer, CEO and co-founder of Optimum Healthcare IT, in a statement. “With Infosys’ long-term investment and global scale behind us, we’re positioned to accelerate AI and digital-led growth and expand what we can deliver while remaining anchored in the values, service model, and healthcare focus our clients count on.”
As part of the acquisition, private equity firm Achieve Partners announced it will end its investment in Optimum. It acquired a controlling stake in the company in June 2020, the announcement said.
“Optimum's impressive growth is a testament not only to its ability to meet customers' needs, but also the critical role that new talent plays in addressing the ongoing healthcare IT talent gap across a wide range of tech stacks,” said Aanand Radia, Achieve Managing Director, in a statement. “We look forward to following their continued expansion and success under Infosys' leadership.”