Hyderabad, India – February 17, 2011 – The ConJoin Group, which recently acquired PHNS, the leading independent provider of comprehensive healthcare information technology (“IT”) services and business process solutions in the U.S., today announced that effective immediately it is changing its name to Anthelio.
The new name reflects the broadening of the company's services portfolio and a reinvigorated go-to-market strategy focused on providing hospitals with innovative ways to use technology and re-engineered business processes to improve patient care, streamline operations and achieve significant cost advantages.
Anthelio will leverage U.S. domain and clinical expertise converged with a truly integrated global delivery model to provide innovative, market leading, high value, low cost solutions to the provider market. This model will fundamentally transform the cost structure for hospitals, allowing them to allocate critical resources to improve patient care.
Concurrently, Anthelio announced that it has acquired a 50,000 square foot DLF-SEZ facility in a world-class Special Economic Zone in Gachibowli, Hyderabad. The facility is equipped with state of the art security and processing equipment, and will support aggressive hiring goals in India. Anthelio currently has approximately 50 people in Hyderabad and 250 people in Mumbai. The Company expects to ramp to more than 1000 people in India by end of the year 2011, more than 3,000 people by end of 2012, and up to 15,000 people by 2015. In the U.S., the Company expects to grow from 1,300 people currently, to between 3,000 and 5,000 people by 2015.
"Our new corporate identity reflects a renewed commitment to transform the fundamental economics of the U.S. healthcare system, which includes building out our vital infrastructure and talent pool in India to help hospitals meet unprecedented technology, operational and financial challenges,” said Richard S. Garnick, Chief Executive Officer of Anthelio. “We are focused on building global teams that are laser focused on the healthcare market, and will pair clinical and domain expertise with our significant global infrastructure to create a distinct competitive advantage from other technology providers in our space.”
“When I founded ConJoin in 2008, we had no revenues and only four employees. We’ve since grown to more than 300 people in India, and now have 1,300 employees in the U.S., and total combined revenues exceeding $250 million. Our name change today will kick off our next phase of growth, and I look forward to further building out our resources in India as we continue to expand into the healthcare IT market,” added Mr. Garnick.
“The U.S. healthcare market faces a multitude of business, operational and technology challenges that will require a fundamentally new approach. The Industry has to re-engineer basic business processes and underlying technology to streamline operations, and manage costs,” said Viswanath (Vish) Sivaswamy, Managing Director, India and Global Corporate Strategy of Anthelio. “We continue to explore innovative ways to bend the cost-curve in the U.S. healthcare sector and need to position ourselves for this significant challenge and growing market opportunity by building out our talent base in Hyderabad and Mumbai.”
Anthelio recently received the NASSCOM Corporate Award for Excellence in Gender Inclusivity in the Emerging Companies category for its efforts creating a culture in which women employees are supported and encouraged to seek and achieve their fullest potential and advance to leadership positions. NASSCOM awards companies which have implemented outstanding practices that promote gender empowerment and women leadership development.
Anthelio is actively recruiting women at senior level positions, who are committed to providing unmatched client service and unique offerings to the healthcare IT industry.
About Anthelio: Anthelio provides comprehensive Clinical Informatics/Analytics and Deployment Services as well as information technology and business process optimization (BPO) to hospitals across the United States. By provisioning hospitals with comprehensive, high-quality, flexible and secure IT services Anthelio improves hospitals’ healthcare services while reducing costs and streamlining processes. It leverages knowledge and expertise built over a decade of operations about clinical and administrative IT processes and best practices, to provide improved IT and BPO services at lower costs to customers. Anthelio is headquartered in Dallas, Texas. For additional information, visit the company’s website at http://www.antheliohealth.com
Anthelio will host a launch event today at the new facility located at 3rd Floor, Block 1,
DLF Cyber City, Plot Nos.129-132, APHB Colony, Gachibowli, Hyderabad - 500019. The event will be from 10:50 a.m. to 3 p.m. IST, and will be attended by key members of Anthelio’s leadership team and is open to the media.
Ameya Sirur/ Neha Merchant
91.22.26055745 / +91 9820454541
Note: Any references to ConJoin Global must note that ConJoin Global is not affiliated with The ConJoin Group, ConJoin-II or Richard Garnick.
and Any references to ConJoin or The ConJoin Group that relate to the acquisition of PHNS or name change to Anthelio must note that The ConJoin Group/ConJoin entity referenced is now known as Anthelio Global and is no longer associated with The ConJoin Group, Conjoin-II or Richard Garnick.