Hong Kong-headquartered alternative asset management firm Baring Private Equity Asia will acquire Chennai and Newark-based AGS Health Private Limited for $320 million.
AGS is an analytics-driven, technology-enabled Revenue Cycle Management company providing medical billing, medical coding, and business analytics services to healthcare providers across the U.S.
Private equity buyout specialists are bullish on the medical billing business where technology adoption has improved efficiencies and cash flows.
Baring Private Equity Asia (BPEA) will buy close to 30 percent stake in mid-sized IT services firm NIIT Technologies from New Delhi-based NIIT Limited and other promoter entities for nearly $400 million (Rs 2,627 crore) per a regulatory filing. This transaction is conditional to regulatory approvals.
Jimmy Mahtani, managing director of BPEA, said, “BPEA is pleased to be investing in NIIT Technologies. We look forward to partnering with the company’s management team to continue to build the business over the coming years.”
