Conduent completes HSP acquisition

Conduent Inc. completed its acquisition of health care payer administration software provider Health Solutions Plus of Melville, N.Y.Conduent Inc. completed its acquisition of health care payer administration software provider Health Solutions Plus of Melville, N.Y.

Through its purchase of HSP, Florham Park-based Conduent said it has bolstered its offerings with the Core Administration Processing System solution, which connects administrative functions for health care funding organizations, such as payers, managed care organizations, state Medicaid agencies and Medicare Advantage payers.

According to Conduent, John Buser and Dr. James Basile, co-founders of HSP, have joined Conduent’s Financial Services and Healthcare sector, in addition to other former HSP employees.

“This purchase strengthens our leadership position in the market, enhancing our capacity to connect the entire health care ecosystem,” Pratap Sarker, group chief executive, Conduent, Financial Services and Healthcare, said in a release. “We can now bring an end-to-end health care payer administration solution to our commercial and government payer clients, helping them achieve operational efficiencies, lower costs and an enhanced digital experience for members and providers.”

Sheppard Mullin provided legal counsel for Conduent. Bruderman Brothers served as financial advisor to HSP. Terms of the deal, initially announced Oct. 31, 2018, were not disclosed.