BPO firm Intelenet has signed a multi-million contract with a leading healthcare provider in the US, the second largest for Intelenet after its number one customer Barclays. The new client is a Blackstone investee company. PE firm Blackstone, had acquired Intelenet in 2007.

ET had reported that this was one of the sweeteners to the deal when the management-led buyout of Intelenet was done in June 2007. Follow-on business contracts and acquisition opportunities are some of the benefits that a large PE investor like Blackstone brings.

The contract is estimated to be between $250-$300 million for a period of seven years said a report in the Economic Times. The contract also affirms BPO company’s a presence in the relatively recession-proof healthcare segment.

There are at least 5-6 more such contracts that are expected to come to Intelenet in healthcare segment, although they may not be as large the paper reported.