IT provider Wipro Limited has agreed to acquire HealthPlan Services from industry investor Water Street Healthcare Partners for $460 million.

HealthPlan originally partnered with Water Street in 2008. Since then, the Tampa, Florida-based company has grown into a key player in the health insurance tech market, providing business process as a service (BPaaS) products to clients and partners. The company now connects its payer clients to more than 40 public exchanges and 150 private exchanges in the U.S.

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