HONG KONG, Sept 9 (Reuters) - Swedish investment firm
EQT has agreed to acquire a controlling stake in
global healthcare outsourcing firm GeBBS Healthcare Solutions
for over $850 million, two people with knowledge of the deal
said.
EQT announced on Monday the acquisition from Indian private
equity firm ChrysCapital, without disclosing financial details.
The firm made the investment via the BPEA Private Equity
Fund VIII, its Asia private equity fund, which will support
GeBBS' next phase of growth and innovation, EQT said in a press
release.
EQT declined to comment on the transaction value.
ChrysCapital and GeBBS could not be immediately reached for
comment.
Founded in 2005, U.S.-based GeBBS specialises in revenue
cycle management, health information management, and medical
billing services, the release said.
GeBBS has over 13,000 employees worldwide with offices in
the U.S., India, Dominican Republic and the Philippines, EQT
said in the release.
The transaction is expected to close in the fourth quarter,
it added.