Mindtree to acquire 6.64% strategic stake in COPE Healthcare; stock gains ~2%

5 Apr 2022 , 02:52 PM

Mindtree Limited informed that it has made a strategic investment and agreed to acquire a 6.64% stake in COPE Healthcare Consulting Inc., the USA pursuant to a Stock Purchase Agreement entered on April 4, 2022.

COPE Health Solutions is a leading U.S. healthcare consulting, implementation, and co-management leader in value-based care and payment, workforce development, and data analytics, to expand its healthcare business.

“Our investment in COPE Health Solutions unlocks the complementary value propositions of the two companies for the rapidly evolving healthcare sector in the U.S. to reduce the cost of care and improve outcomes,” said Venu Lambu, Executive Director and President, Global Markets, Mindtree.

Based in Los Angeles and New York, COPE Health Solutions works with health systems, health plans, medical groups, and other healthcare organizations across the U.S. to enable the transition to value-based care and payments and to train and grow the health workforce needed to succeed with these new healthcare models.

With this investment, Mindtree will be able to leverage the consulting, data analytics, and management capabilities of COPE Health Solutions to expand its provider and payer footprint and drive growth in areas such as value-based care, population health management, and connected health.

Mindtree is currently trading at Rs4,390.65 up by Rs77.55 or 1.8% from its previous closing of Rs4,313.10 on the BSE. It has touched day’s high and low of Rs4,428 and Rs4,328.50 respectively.