The share price of this IT company which deals in the business of Customer Lifecycle Management, Technology Services, and Business Process Management was up in focus on Friday after the company signed a term sheet to acquire US Healthcare for $45 Million.
Share Price Movement
In Friday’s trading session, With a market capitalization of Rs. 1,563.82 crores, One Point One Solutions Ltd (NS:ONEP) share price touched a day’s high of Rs. 63.89 which was up by 6.46 percent. The share price reiterated from the day’s high and was trading at Rs. 61.22 which is 2.02 percent higher than the previous closing price of Rs. 60.01. In the past year, the stock has delivered a return of 4.14 percent and has underperformed the Nifty Index in the past year.
Take advantage of AI-Powered ProPicks, Advanced Stock Screener, Fair Value, Financial Health, etc., with InvestingPro and take advantage of our New Year's Sale offer to stay ahead.
What happened
The company’s stock surged after the company announced the signing term sheet to acquire a US-based Healthcare company in the Revenue Cycle Management for $45 Million. This acquisition aligns with the company’s strategies to be a leader in business process management and technology-driven solutions.
Rationale behind the Acquisition
From this acquisition, the combined entity to derive leverage in cutting-edge technologies such as artificial intelligence and machine learning to optimize efficiency and innovation in service delivery. This complements One Point One’s strategy to broaden its worldwide delivery model, creating value for clients across industries such as healthcare, finance, and telecommunications. The completion of this acquisition is subjected to regulatory clearances, due diligence, and the finalization of agreements.
The term sheet signing to strengthen the company’s capabilities to become one of the key players in the global BPM Industry with $410 billion in the healthcare vertical. With this acquisition, it will add nearshore delivery locations in Uruguay, the Dominican Republic, and the Philippines offshore center.
Management Commentary
Commenting on the acquisition, Chairman and Managing Director of One Point One Solutions, Mr. Akshay Chhabra said, “The signing of this term sheet marks a significant step in our journey to redefine global outsourcing standards. The target company brings a wealth of expertise, with a talented workforce who are veterans in the healthcare industry having over 100+ years of combined experience will play a crucial role in driving our growth strategy.”
About the company
One Oint One Solutions offers BPO, KPO, IT, and analytics services and has a geographic presence. The company offers expertise in technology, skill development, accounting, and analysis across various sectors.
Written by – Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Smallcap stock jumps 6% after it announces to acquire US based Healthcare company for $45 Mil appeared first on Trade Brains.
To understand more about InvestingPro, watch this video: https://www.youtube.com/watch?v=_WfQcN5vjI