Cognizant completes TMG Health acquisition

Cognizant completed its acquisition of TMG Health, a subsidiary of the health insurer Health Care Service Corp.

TMG Health provides business process services to the Medicare Advantage, Medicare Part D and Managed Medicaid markets. Cognizant aimed to strengthen its healthcare administration solutions for the government and public health program markets through the TMG Health acquisition.

Cognizant will establish a national center of excellence for Medicare/Medicaid services at TMG Health's primary facility near Scranton, Pa.

"TMG Health's capabilities expand the breadth of Cognizant's healthcare offerings and will enable a wider range of regional and national healthcare organizations to harness the benefits of scale that our [business process-as-a-service] solutions provide," said Kaushik Bhaumik, executive vice president and global head of healthcare at Cognizant.

Cognizant announced its intent to acquire TMG Health June 13. The financial details of the transaction were not disclosed.

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