Abu Dhabi based asset management company, Gulf Capital has announced that it has acquired two of US health – tech companies for transaction value of $60 million.
Gulf Capital’s investments in Hansei Solutions and Eclat Health will expand the firms Healthcare- focused Revenue cycle Management (RCM) platform.
The investment company has already acquired a majority stake in ACCUMED practice Management one of the leading RCM provider in Saudi Arabia and UAE.
The firm aims to establish a unique global platform with its extensive suit of RCM solutions and also with its buy and build strategy and brilliant track record of taking local businesses and transforming them into global companies.
California based Hansei Solutions is a company that facilities from third party billing solutions to in-house transition and maximising performance.
ECLAT Health Solutions provides healthcare support services that include medical coding and healthcare revenue cycle consulting and is a Washington DC based company.
Hansei and Eclat, is expected to accelerate at 14% CAGR up to 2025, driven by physicians, integrated solutions, and cloud deployment.
Dr Karim El Solh, The Chief Executive Officer of Gulf Capital, said
“We are very excited about the disruptive growth journey we are embarking on with the addition of Hansei and Eclat to our existing RCM platform. We are in the process of building a truly global RCM platform with operations across Asia,”
“The Middle East, and the US. This is another example of Gulf Capital’s buy-and-build strategy within growing sectors, partnering with robust and ambitious management teams to build world- class companies,”
“In Karthik and Sneha Polsani, the founders of Eclat, and Erin Burke, the founder of Hansei, we have found like-minded partners who share our vision of building a global RCM leader by leveraging technology and delivering the best services in the most reliable way.”
