News: Mindtree informed the stock exchanges that it has acquired 6.6% stake in COPE Healthcare Consulting for US$4.5 mn ( 3.2x price to sales). COPE consulting incorporated in US in 2015, offers consulting, population health management, value-based care & payments & data analytics
Views: Mindtree has a special focus on healthcare vertical as it started reporting it separately from Q1FY22 onwards. Though the vertical contributes only 1.3% of their revenues for Q3FY22, the company has been talking about accelerating their growth in the vertical by investing in identified segments of the healthcare market. This investment in COPE is expected to accelerate penetration into key healthcare accounts
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