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UST sells subsidiary HealthProof for more than $1 bn to Bain Capital
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UST is selling its subsidiary HealthProof, a healthcare management solutions unit, to Bain Capital for over $1 billion. This move allows UST to concentrate on growth areas like enterprise AI and cloud transformation. The sale proceeds will fund new AI-enabled platforms. Approximately 4,000 HealthProof employees will transition to Bain Capital, which aims to enhance its healthcare industry presence by merging HealthProof with its previous acquisition, HealthEdge.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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