Chrys Capital looks to sell GeBBS at $1b valuation
ChrysCapital 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 Jefferies 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.
Founded by Vijay Singh 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 Health Information Management (HIM), RCM, 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 Wipro, IBM, Cognizant and Hewlett-Packard.
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