ChrysCapital buys US healthcare tech firm GeBBS

MUMBAI: ChrysCapital Advisors, the largest home-grown private equity fund, has acquired a controlling stake in US-based healthcare service provider GeBBS Healthcare Solutions, in a deal worth Rs 1,000 crore ($140 million). ChrysCap has acquired about 80% stake from the promoter Vijay Singh.

GeBBS is a leading provider of revenue cycle management (RCM) solutions for the healthcare industry in the US. “With access to our decades of experience with IT and BPO companies, we are confident that our investment in GeBBS will help differentiate the company and significantly accelerate its growth trajectory,” said Sanjay Kukreja, partner, ChrysCapital. “We look forward to participating in GeBBS’ continued success.”

Founded in 2005 by Vijay Singh, GeBBS will continue to be run by existing management led by Nitin Thakor, CEO, and Milind Godbole, managing director.


“ChrysCapital’s deep domain expertise and strong network of relationships will complement our capabilities and drive additional value to our customers. We now have the resources to accelerate our growth and strategic objectives,” said Thakor.