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EQT to acquire GeBBS Healthcare Solutions for over $850 mln, sources say
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EQT to acquire GeBBS Healthcare Solutions for over $850 mln, sources say
Sep 8, 2024 11:55 PM

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.

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