Rakesh Jhunjhunwala-backed IKS Health acquires AQuity Solutions for $200 million
IKS Health announced the acquisition of AQuity Solutions as its wholly-owned subsidiary for $200 million, the company said in a media release.
While IKS Health (Inventurus Knowledge Solutions Limited) provides administrative, clinical, and operational services in the healthcare domain, AQuity Solutions is tech-enabled clinical documentation, medical coding and revenue integrity solutions provider for the healthcare sector.
«IKS Health’s market leadership in the ambulatory market will be coupled with AQuity’s market leadership in the acute care market to create an entity that enables clinicians and their enterprises to deliver better, safer, more efficient care across the continuum of care delivery,» the media release said.
The combined company, which will operate as IKS Health, will likely have annual revenues of over $330 million with a global workforce of over 14,000 employees serving over 150,000 clinicians across hospitals, health systems, and specialty groups in the US, as per the claims made by the company.
“US healthcare is in crisis, one that is deepening from all sides.
Financial instability, large-scale staffing challenges, and the precarious health status of so many Americans all call for deeper, more comprehensive solutions that address these root issues,” said Sachin K. Gupta, Founder and CEO of IKS Health, adding.
“Delivering better, safer care is everyone’s top priority—but too often, the ‘chores’ of healthcare get in the way of that core purpose.
To help turn the tide amidst this state of crisis, we firmly believe that revitalizing the clinician-patient relationship and helping our partners thrive financially are both fundamental. The coming together of IKS and AQuity allows us to enable Clinicians
. Read more on economictimes.indiatimes.com
