Mumbai-based, Accentia Technologies Ltd (ATL) has informed that the company has acquired 51% stake in Oak Technologies Inc, USA in an all cash deal.
However, the value of the deal was not disclosed by the company.
ATL provides business process management solutions for the healthcare, financial, and insurance sectors. It offers various business process outsource management (BPOM) solutions, which primarily include professional transcription to medical providers and non-medical companies in the United States and the United Kingdom.
The company’s BPOM solutions also comprise medical billing and coding, insurance claim processing, and consultancy services.
The stock of the company closed today at Rs 140, down 2% compared with previous close of Rs 143. The stock touched an intraday high of Rs 150 and a low of Rs 137. Indian Stock Markets closed flat on Tuesday after a volatile session.
Source: Stockwatch