Indian BPO Firm Announces Assignment of $700 million in Healthcare Accounts

HOV Services Ltd has announced that the company has been assigned for collection over $700 million of face value healthcare receivables in the accounts receivable management (ARM) vertical. The addition of this portfolio increases the total debt assigned to the company for collections in the ARM vertical to over $3.25 billion, an increase of over 29% from last year’s totals.

The healthcare receivable portfolio was recently purchased by a joint venture partly owned by HandsOn Ventures, LLC, an affiliate of the promoters and assigned under an exclusive service and collection agreement with the company.

"We continue to work hard to exceed expectations. This assignment, the largest ever single portfolio assignment in our history is. we believe, is directly attributed to the confidence our customers have in our processes and employees," said Sunil Rajadhyaksha, executive director of the Company.

HOV Services is a BPO provider based in Pune, India with an office in Southlake, TX.