EQT Private Capital Asia's Strategic Move to Acquire GeBBS Healthcare Solutions for Healthcare Equity Expansion

EQT Private Capital Asia's Acquisition of GeBBS Healthcare Solutions

EQT Private Capital Asia, part of BPEA Private Equity Fund VIII, is making a significant acquisition of GeBBS Healthcare Solutions, a renowned healthcare outsourcing provider specializing in revenue cycle management (RCM), health information management, and medical billing services. This strategic move signals EQT's commitment to enhancing its equity in the healthcare sector. The deal is expected to close by March next year and is valued at around $850 million.

Growing Demand in U.S. Healthcare Operations

The acquisition aims to accelerate GeBBS’ growth, responding to the increasing demand for RCM services driven by complexities in U.S. healthcare operations. The global RCM market continues to expand, experiencing double-digit growth due to rising patient volumes and a shortage of skilled resources.

EQT’s Plans for GeBBS

• Driving GeBBS’ expansion into new customer segments.
• Enhancing in-house technology capabilities.
• Fueling M&A activity for GeBBS.

Hari Gopalakrishnan, Partner at EQT Private Capital Asia, emphasized that healthcare technology is a crucial investment theme for EQT, noting that GeBBS has developed a strong business focused on supporting healthcare providers. This acquisition aligns with EQT's strategic goals to create long-term value.

A Look at GeBBS

Founded in 2005, GeBBS employs about 13,000 individuals across the U.S., India, the Dominican Republic, and the Philippines. It serves a wide range of U.S.-based healthcare providers, including hospitals and physician practices. This acquisition is part of EQT's broader healthcare investment strategy.