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CBaySystems to invest $25 mn and up headcount in country

With a view to rapidly ramp up operations and expand its footprint in the country, CBaySystems, has drawn up a US$ 25 m capex plan over the next two years. CBaySystems also plans to up its headcount to 10,000 from the present 5,500 and set up 10 new centres, primarily in Tier II and III locations, by 2010. The company is a global leader in the healthcare information management and patient financial services (PFS) space with over 400 large hospitals in the US, physician practices and clinics as its clients. “We have lined up an USD 25 mn investment for India over the next two years to fuel our expansion. We also plan to raise our headcount to 10,000 by then,” CBaySystems India Director and Chief Operating Officer, Dinesh Kumar, said. The funds would be raised through internal accruals and “also through outside funding”, Kumar said. CBaySystems runs its global back-end operations from India through its wholly-owned subsidiary, CBaySystems India. Headquartered in Mumbai, the company presently has 37 centres in the country including Bangalore, Hyderabad, a small unit in Vijayawada which it plans to expand, and Nagpur. “We now plan to enter Tier II and III locations such as Hubli, Indore, Raipur, Belgaum and Coimbatore, apart from Chennai,” Kumar said.

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