EQT to Buy Healthcare Technology Company GeBBS Healthcare Solutions

By Dominic Chopping

STOCKHOLM--EQT said it would buy a controlling stake in GeBBS Healthcare Solutions, a global healthcare outsourcing company, from ChrysCapital.

The Swedish buyout group said Monday that it would support the next phase of GeBBS's growth strategy, including through expansion into new customer segments, strengthening in-house technology capabilities, and driving further merger and acquisitions.

GeBBS specializes in revenue cycle management, health information management, and medical billing services. It offers a range of services designed to help U.S.-based healthcare providers improve their financial performance by optimizing revenue cycle processes and ensuring accurate coding and billing practices.

The company was founded in 2005 and has 13,000 employees across the U.S., India, Dominican Republic and Philippines, with customers across U.S.-based hospitals, physician groups, and other healthcare firms.

EQT has made the deal through its BPEA Private Equity Fund VIII and upon completion the fund is expected to be 70%-75% invested. The transaction is expected to close in the fourth quarter of 2024.

Financial terms weren't disclosed.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

September 09, 2024 02:15 ET (06:15 GMT)

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