GeBBS $6.5 Million Exit Strengthens Healthcare Revenue Cycle
Deal News | Dec 03, 2024 | RWB Group AG
GeBBS Healthcare Solutions, under the management of ChrysCapital since 2018, provides technology-enabled Revenue Cycle Management (RCM) services that optimize billing processes for healthcare providers. GeBBS has significantly grown its service portfolio and market presence through strategic acquisitions, including Aviacode in 2021, and the integration of AI-driven tools to enhance automation of claims and workflows. This expansion has led to an increase in workforce numbers to over 13,000 employees spread across multiple countries. As a result of a successful exit managed by ChrysCapital, GeBBS has generated approximately $6.5 million for several RWB funds, marking a milestone in revenue cycle management innovation.
Sectors
- Healthcare
- Technology
- Private Equity
Geography
- India – GeBBS Healthcare Solutions has significant operations and workforce presence in India, indicating its strategic importance to the company's operations.
- USA – The United States is a key market for GeBBS, being part of its international footprint in delivering healthcare revenue cycle management services.
- Philippines – The presence of GeBBS in the Philippines highlights its global reach and the strategic location for its operations.
- Dominican Republic – GeBBS's operations extend to the Dominican Republic, adding to its international presence and capabilities.
Industry
- Healthcare – GeBBS Healthcare Solutions operates in the healthcare sector, providing services that optimize the billing processes for healthcare providers, which is critical for maintaining financial health in this industry.
- Technology – The use of AI-driven tools in GeBBS's service offerings places it within the technology sector, providing innovative solutions for the healthcare industry's revenue cycle management.
- Private Equity – ChrysCapital's involvement in managing GeBBS underscores the role of private equity in facilitating business growth and successful exits.
Financials
- 6.5 Million USD – The exit from GeBBS Healthcare Solutions generated this amount for the RWB funds from the sale.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GeBBS Healthcare Solutions | Target company | Company | Provider of technology-enabled Revenue Cycle Management services aimed at optimizing billing processes for healthcare providers. |
| ChrysCapital | Private Equity Manager | Company | A private equity manager leading the growth and successful exit of GeBBS Healthcare Solutions. |
| RWB Group AG | Receiving Party | Company | Received approximately $6.5 million as a result of the exit of GeBBS Healthcare Solutions. |