Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 22 2017

Carlyle Group Acquires Majority Stake In Visionary RCM

Carlyle claims it has already invested more than USD 1.5 billion of equity in over 30 transactions in India as on September 30

Global alternative asset manager, Carlyle Group, said it has acquired majority stake in Visionary RCM Infotech (India) to support its growth and expansion plans.

Carlyle Growth Investments IV, an affiliate of Carlyle Asia Growth Partners V has acquired a significant majority stake in VRCM, the largest offshore risk adjustment and medical coding solution provider in India.

Carlyle claims it has already invested more than USD 1.5 billion of equity in over 30 transactions in India as on September 30. It has recently made investments in SBI Card and Delhivery.

Founded in 2006, the Chennai-headquartered VRCM have five offshore delivery centers and more than 2,500 employees, offering services to multiple healthcare clients in the country. It offers medical coding services for risk adjustment, audit of medical records, diagnostic and procedural coding services to hospitals and physicians for filing claims with health plans, and support for revenue cycle management (RCM).

Carlyle Asia Growth Partners managing director Shankar Narayanan said “As the medical coding and RCM services market continues to grow, we believe VRCM is well-positioned to capitalise on future market opportunities. We look forward to working VRCM team to support its next phase of growth.”

Carlyle has deep industry expertise and an extensive network in the global healthcare and technology industry, including in the US.

VRCM CEO Rajesh Surana said “We continue to expand our service offerings, develop our business and explore expansion opportunities”.

Comment
Related opportunities
  • After School Activities
    About Us: Kumon is the world’s leading after-school enrichment programme. Founded..
    Locations looking for expansion New Delhi
    Establishment year 1958
    Franchising Launch Date 2005
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About Us:  MBTA (Mahesh Bhupathi Tennis Academy) was founded in 2006,..
    Locations looking for expansion Karnataka
    Establishment year 2006
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Others Food Service
    About Us: Let’s get chai pe high with CHAI KE DIWANE!!!, Chai..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Car wash / Ceramic Coating / Detailing
    About Us: Across the globe, 3M is inspiring innovation and igniting..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities