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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 10, 2024 12:19 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 more than $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. Ashutosh

Gupta, chief marketing officer of GeBBS, said in an email that a

sale agreement had been inked and the deal would close in the

next 45 to 60 days after "legal formalities" were completed. He

declined to confirm the value of the deal.

ChrysCapital did not respond to a Reuters request 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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