SPi Global, a leading business process outsourcing (BPO) provider, has entered into a definitive agreement to sell its wholly owned subsidiary, SPi Healthcare, to Conifer Health Solutions, America’s leading provider of technology-enabled healthcare performance improvement services.
SPi Global noted that it will retain its Healthcare BPO operations in the Philippines and that it remains committed to leading the continuing growth of the unit.
In a statement, Maulik Parekh, president and chief executive officer of SPi Global said, “Since we acquired SPi Healthcare seven years ago, the leadership team has more than doubled the business and made it one of the top providers of revenue cycle management and health information services in the US. We believe that Conifer Health Solutions, with its expansive healthcare network, is the right home for SPi Healthcare at this juncture as it aspires to strengthen its leadership position in the marketplace.”
He added: “I express my sincere appreciation to John O’Donnell and his management team for their many contributions to the company.”
The company said SPi Healthcare’s leadership team has achieved decades of sustained growth, making it today’s recognized leader in the physician revenue cycle marketplace with a reputation for service delivery excellence.
“We believe the combined organization will drive incremental growth for Conifer by creating an enhanced value proposition for physicians in a variety of care settings – including integrated delivery networks – that are seeking to improve their operational performance in the era of value-based care and other changes in healthcare delivery and financing,” said Stephen Mooney, president and chief executive officer of Conifer Health Solutions.
Last month, SPi Global, the Philippines’ most-awarded BPO company, landed a spot in the Top 50 of the International Association of Outsourcing Professionals (IAOP) 2014 Global Outsourcing 100.
This is the ninth consecutive year the company has been included in the Global Outsourcing 100, which recognizes the world’s best outsourcing service providers and advisors.
The list also identifies the United States, Western Europe, and the United Kingdom as the top regions served by the company.