Teleporformance U.S. Health Consultant finalizes acquisition of company news

TELEPERFORMANCE

PARIS (Agefi-Dow Jones) – Call Center Manager Teleperformance announced on Tuesday that it has completed the acquisition of Health Advocate, a US business service provider in the health data management sector.

The acquisition will significantly strengthen Teleporformance’s portfolio of specialized services with added value, the group said in a statement.

Teleparformance announced in late October the purchase of a health consultant for $ 690 million (approximately 80 580 million) from a company controlled by the Apollo Global Management Fund. He noted that the purchase was financed with a full bank loan.

Founded in 2001 and headquartered in Plymouth, the health lawyer has annual revenues of $ 140 million and a revised gross operating profit (EPITDA) margin of $ 50 million, or 36%.

The group said on Tuesday that the company will be integrated with the aim of teleparformance integration from June 30, 2021.

-Francois Shot, AJF-Dow Jones; +33 (0) 1 41 27 47 92; [email protected] Version: FRB

AFP-Dow Jones Financial Newsletter

Dow Jones Newswire

June 22, 2021 12:07 ET (16:07 GMT)

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Cory Weinberg

About the Author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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