EQT Private Capital Asia Expands in Healthcare Tech Through GeBBS Acquisition
EQT Private Capital Asia Increases Healthcare Tech Portfolio
EQT Private Capital Asia, part of BPEA Private Equity Fund VIII, will acquire a controlling stake in GeBBS Healthcare Solutions, a leading healthcare outsourcing provider specializing in revenue cycle management (RCM), health information management, and medical billing services, for an undisclosed amount.
Strategic Acquisition Details
- The acquisition is intended to accelerate GeBBS' growth as demand for RCM services increases in the United States.
- The valuation of the deal is expected to be around $850 million.
- EQT aims to enhance GeBBS’ in-house tech capabilities and drive expansion into new customer segments.
According to Hari Gopalakrishnan, Partner at EQT Private Capital Asia, “Healthcare technology is a key investment theme for EQT. GeBBS has developed a robust business with a clear focus on supporting healthcare providers.
Future Prospects
GeBBS, founded in 2005, boasts 13,000 employees across multiple countries and serves various healthcare providers in the U.S. This deal marks a significant development in EQT's broader healthcare investment strategy and is expected to fuel M&A activity for GeBBS.
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