Cognizant to buy IT services provider TriZetto for $2.7 billion

(Reuters) - Cognizant Technology Solutions Corp said it would buy healthcare IT services provider TriZetto Corp for $2.7 billion from private equity firm Apax Partners, its largest deal ever. The company's shares rose nearly 3 percent in premarket trading. TriZetto is the latest U.S. healthcare IT services provider to be acquired as payors and providers of healthcare seek new solutions to cut costs. "Healthcare is undergoing structural shifts due to reform, cost pressure and shifting responsibilities between payers and providers," Cognizant CEO Francisco D'Souza said in a statement. ...



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