Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 05 2018

ChrysCapital acquires 80% stake in GeBBS Healthcare Solutions for Rs 1000 crore

GeBBS Healthcare is a provider of Revenue Cycle Management for the North American healthcare industry.

ChrysCapital, the largest Indian private equity investor, has acquired 80% stake in Los Angeles-headquartered GeBBS Healthcare Solutions for about Rs 1000 crore. GeBBS Healthcare is a provider of Revenue Cycle Management (RCM) for the North American healthcare industry.

Earlier, ChrysCapital, managing assets worth more than $3.3 billion, had bought big ownerships in LiquidHub and Infogain, both operating in the Indo-US corridor.

Sanjay Kukreja, Partner, ChrysCapital, said, "The deal involved secondary share purchases. We are committed to infusing further capital to help GeBBS grow inorganically."

Nitin Thakor, President and CEO of GeBBS, stated, "Kukreja and ChrysCapital expect outsourcing to pick up significantly in the healthcare RCM, most of which is managed internally at present. Business complexities driven by regulations and increasing industry consolidation was bound to boost outsourcing."

"We decided to partner with ChrysCapital for our next phase of growth because of their deep IT & BPO expertise and a strong network of relationships, which will complement our capabilities and deliver value to our customers," Thakor added. 

Comment
Related opportunities
  • Pizzeria
    Own the American Dream In India with U.S.Pizza! About Us: Since its..
    Locations looking for expansion Karnataka
    Establishment year 1998
    Franchising Launch Date 2002
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • About  THE KETTLERY (CPK Food and Beverages Pvt. Ltd.) An exclusive tea..
    Locations looking for expansion Gujarat
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 400 - 800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Clinics & Nursing Homes
    About Us: Dr. Richa Jain Unique Clinic: Established at Nagpur, Maharashtra,..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Curious Kids” is the brain child of the management..
    Locations looking for expansion Telangana
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
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