[INDIAN ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian economic news to share with you which is as undermentioned.
MUMBAI: ChrysCapital Advisors, the largest home-grown private equity fund, has acquired a controlling stake in US-based healthcare service provider GeBBSHealthcare Solutions, in a deal worth Rs 1,000 crore ($140 million). ChrysCap has acquired about 80% stake f rom the promoter Vijay Singh.
GeBBS is a leading provider of revenue cycle management (RCM) solutions for the healthcare industry in the US. “With access to our decades of experience with IT and BPO companies, we are confident that our investment in GeBBS will help differentiate the company and significantly accelerate its growth trajectory,” said Sanjay Kukreja, partner, ChrysCapital. “We look forward to participating in GeBBS’ continued success.”
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