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Apollo Health Street (AHS), the healthcare BPO arm of Apollo Group, has acquired US-based Armanti Financial Services LLC (AFS) for $31 million. With this deal, the Apollo-AFS entity will emerge as one of the largest healthcare processing companies in the hospital business, with receivables management of over $1 billion annually. Not only this, Apollo will now feature among top 10 healthcare revenue cycle management companies in US. The revenues of the combined entity for the coming twelve months are expected to touch $45 million mark.
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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative
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