India-based technology and consulting firm Infosys said March 25 it agreed to buy Jacksonville Beach-based Optimum Healthcare IT for up to $465 million.
Optimum, founded in 2012, provides digital and consulting services to the health care industry and had $276 million in revenue last year, Infosys said in a Securities and Exchange Commission filing.
Private equity firm Achieve Partners acquired a controlling interest in Optimum in 2020.
Infosys said in a news release the acquisition will strengthen its capabilities in the health care market.
“Optimum Healthcare IT has established a strong position in the healthcare sector by consistently delivering measurable outcomes through deep domain expertise and trusted client engagements,” Infosys CEO Salil Parekh said in the release.
“With Infosys’ long-term investment and global scale behind us, we’re positioned to accelerate AI and digital led growth and expand what we can deliver while remaining anchored in the values, service model, and healthcare focus our clients count on,” Optimum CEO Gene Scheurer said in the release.
Infosys reported revenue of $15.1 billion in the nine months ending Dec. 31.
Infosys expects to close the acquisition of Optimum in the first quarter ending June 30 of its fiscal year.