EQT to Acquire Controlling Stake in GeBBS Healthcare Solutions
TL/DR –
Swedish investment firm EQT has agreed to purchase a controlling stake in GeBBS Healthcare Solutions, a global healthcare outsourcing company, from ChrysCapital. EQT plans to support the next growth phase of GeBBS, including expansion into new customer segments, strengthening technology capabilities, and facilitating further mergers and acquisitions. The deal, made through EQT’s BPEA Private Equity Fund VIII, is expected to close in the fourth quarter of 2024; the precise financial terms of the transaction were not disclosed.
EQT Poised to Acquire Majority Stake in GeBBS Healthcare Solutions
Swedish buyout group EQT has announced intentions to purchase a controlling stake in GeBBS Healthcare Solutions, an international healthcare outsourcing firm, from private equity firm ChrysCapital.
Driving Growth and Expansion in Healthcare Outsourcing
With this acquisition, EQT plans to bolster GeBBS’s growth, largely through diversification into new customer segments, enhancing in-house technological prowess, and propelling additional mergers and acquisitions.
GeBBS Healthcare Solutions: An Overview
Established in 2005, GeBBS specializes in revenue cycle management, health information management, and medical billing services. Its offerings aim to enhance the financial performance of U.S.-based healthcare establishments by improving revenue cycle processes and promoting accurate coding and billing procedures. The company boasts a workforce of 13,000 employees spanning across the U.S., India, the Dominican Republic, and the Philippines. Its clientele includes U.S. hospitals, physician groups, and healthcare firms.
Deal Completion through BPEA Private Equity Fund VIII
This deal is facilitated through EQT’s BPEA Private Equity Fund VIII. Once completed, around 70%-75% of the fund is projected to be invested. The transaction is slated for completion in Q4 of 2024. The financial terms of the deal remain undisclosed.
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