Cognizant to buy IT services provider Trizetto for $2.7 billion

Reuters News
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Posted: Sep 15, 2014 6:19 AM

(Reuters) - Cognizant Technology Solutions Corp <CTSH.O> said it would buy privately held healthcare IT services provider TriZetto Corp for $2.7 billion in cash.

Cognizant said the deal would immediately add to adjusted profit.

Cognizant said it would fund the deal through a combination of cash and debt and had secured $1 billion in financing.

(Reporting by Soham Chatterjee in Bangalore; Editing by Saumyadeb Chakrabarty)