Sutherland Global Services, a global provider of business process and technology management services, has announced that it has signed a definitive agreement to acquire Apollo Health Street Limited (AHS), an associate company of Apollo Hospitals Enterprises Limited.

The transaction is expected to close by February 2013, subject to customary regulatory and other conditions.

The enterprise value of the deal is around Rs 1,000 crore, of which around Rs 210-220 crore will come to Apollo Hospitals Enterprises Ltd (AHEL), which is holding around 39.4%, while Promoters and promoters family are holding around 35-40%and One Equity Partners holding around 10-15%, said Apollo Hospitals sources.