Chrys Capital looks to sell GeBBS at $1b valuation
ChrysCapital, the largest homegrown PE fund, is looking to sell GeBBS Healthcare Solutions, about six years after acquiring the Los Angelesbased healthcare business process outsourcing (BPO) company, said multiple people aware of the development. A potential deal is likely to value GeBBS at $800 million to $1 billion, the people said.
This will mark a windfall for which acquired an 80% stake in GeBBS in 2018 for $140 million at a valuation of $175 million. ChrysCapital has hired US investment bank and capital markets firm to run the sale process and feelers have been sent to global buyout funds, the people said. Founders of GeBBS who hold the residual stake in the company will also exit in this round, said the people cited above. GeBBS posted revenue of about $200 million in FY24, the people said. GeBBS and ChrysCapital didn’t respond to queries.
ET BureauFounded by in 2005, GeBBS is a leading player in offshore healthcare administrative services, providing revenue cycle management (RCM) solutions. GeBBS is one of the leaders in (HIM), , patient contact, risk adjustment, and quality solutions. It has a 14,000-strong global workforce who help clients improve financial performance and compliance. Globally, GeBBS competes with , , Cognizant and .
Source: Stocks-Markets-Economic Times
