GeBBS: Intelligent Revenue Management Drives $6.5M Exit Success
Deal News | Dec 03, 2024 | RWB Group AG
GeBBS Healthcare Solutions, under the stewardship of private equity firm ChrysCapital since 2018, has enhanced its technology-driven revenue cycle management services, resulting in a significant expansion, including its 2021 acquisition of Aviacode. GeBBS' operations span across India, the Philippines, the USA, and the Dominican Republic, employing over 13,000 staff. The firm's focus on AI-enhanced solutions has streamlined billing, optimized financial processes, and improved cash flow within the healthcare sector. As ChrysCapital exits its investment, it returns $6.5 million to various RWB Group AG funds, reflecting a successful engagement in improving billing efficiencies and healthcare sector service delivery.
Sectors
- Healthcare
- Private Equity
- Technology
Geography
- Global – GeBBS operates across multiple countries, including locations in India, the Philippines, the USA, and the Dominican Republic.
- Germany – RWB Group AG, a German firm, is notably involved in the financial structuring and exit strategy.
Industry
- Healthcare – The article discusses healthcare billing and revenue management services, essential for maintaining cash flow in medical institutions.
- Private Equity – ChrysCapital, a private equity firm, facilitated GeBBS' growth and the subsequent successful exit.
- Technology – GeBBS employs AI-driven technology to improve healthcare billing and revenue cycle management processes.
Financials
- 6.5 million USD – Proceeds from ChrysCapital's exit from GeBBS, distributed to RWB Group AG funds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GeBBS Healthcare Solutions | Target Company | Company | A provider of technology-based revenue cycle management services in healthcare. |
| ChrysCapital | Private Equity Manager | Company | PE firm responsible for managing GeBBS Healthcare Solutions since 2018 and facilitating its growth and exit. |
| RWB Group AG | Financial Backer | Company | German firm managing various funds that will benefit from the $6.5 million exit proceeds. |
| Aviacode | Acquisition by GeBBS | Company | Acquired by GeBBS in 2021 to expand its service offerings. |