Amarchand SampR Jones day and Latham lead on Sutherland groups acquisition of Apollo Health Street for Rs1000 crore

US-headquartered BPO firm Sutherland Global Services has acquired 100 per cent stake of Apollo Health Street, a provider of healthcare business services and health information technology-based solutions for Rs. 1000 crore ($184 million)..Apollo Health Street is backed by private equity firms One Equity Partners and Temasek Holdings. This deal will give exit to these private equity players..Amarchand Mangaldas advised Apollo Health Street with a team led by Mumbai based Managing Partner Cyril Shroff and Bengaluru based Corporate Partner Reeba Chacko..The New York office of Jones Day acted as US legal counsel to Apollo Health Street with a team led by Counsel Deepak Reddy..S&R Associates advised Sutherland with a team led by Partners Rajat Sethi and Venkatesh Vijayaraghavan along with Radhika Iyer, Dhruv Nath, Radhika Agrawal and Lakshmi Pradeep while Latham & Watkins acted as International legal counsel to Sutherland. The Latham team was led by California Partner Tony Richmond along with Associates Jim Morrone and Thomas Lloyd..According to VCCircle, this acquisition will help Sutherland provide comprehensive IT and business process solutions, and consolidate its presence in the $38 billion US healthcare BPO market..The all-cash transaction is expected to close by February 2013, subject to customary regulatory and other conditions..Apollo Health Street is an associate of Apollo Hospitals Enterprises, which holds around 40 per cent stake in the company. Apollo Health Street provides support services to more than 150 healthcare partners throughout the US from 10 global operational centres of excellence.