Check out today’s featured companies who have recently completed an M&A deal, and be sure to check out the full list of past healthcare IT M&A.
ECLAT Health Solutions Completes Management Buyout from Gulf Capital, Opening Next Chapter of Growth
Management Buyout Follows Five Years of Partnership Marked by 10x Revenue and EBITDA Growth, AI-Enabled Payer Expansion and a 4,000-Person Global Team
ECLAT Health Solutions, a leading revenue cycle management (RCM), risk adjustment, and healthcare technology partner, today announced the completion of a Management Buyout (MBO) from Gulf Capital, one of the largest and most active private equity firms investing from the GCC to Asia. The transaction marks the close of a highly successful partnership and returns full ownership of ECLAT to its founders and management team.
Over the course of ECLAT’s partnership with Gulf Capital, the organizations worked closely to accelerate growth and build a differentiated healthcare services platform defined by scale, breadth, technology and long-term value. With Gulf Capital, ECLAT expanded its revenue cycle management service offerings and added payer-centric risk adjustment and technology solutions. This diversification, alongside continued expansion and market adoption of its leading RCM services, enabled ECLAT to grow its workforce from 450 to more than 4,000 employees across the United States, India and the Philippines, and achieve a tenfold increase in both revenue and EBITDA—representing a 75% EBITDA compound annual growth rate over five years.
“When we partnered with Gulf Capital in 2020, we had a clear vision for what ECLAT could become—and together we executed against that vision with focus, discipline and ambition,” said Karthik Polsani, Founder and Group CEO at ECLAT Health Solutions. “Gulf Capital was a true strategic partner throughout the journey, supporting us in strengthening our leadership team, expanding our capabilities and scaling the business to new levels of performance. This partnership helped transform ECLAT into a stronger, more resilient organization with a clear platform for long-term growth. As the founders and management team resume full ownership, we do so with pride in what we have built together and with great excitement for the next chapter of ECLAT’s evolution.”
Central to ECLAT’s growth is evaire, its proprietary AI and analytics platform. Powered by agentic AI and deep payer expertise, evaire enables end-to-end chart retrieval and review, risk adjustment coding, Confidence Scoring, payer analytics and more. ECLAT’s payer expansion and technology offerings—together with its core RCM services and highly qualified clinical coding teams—position the company for its next phase of growth and innovation in a rapidly shifting healthcare landscape.
“Over the past several years, we have significantly professionalized and scaled the organization—building robust operational processes, investing in talent and enhancing our service offering to better serve our clients,” said Sneha Polsani, Founder and COO at ECLAT Health Solutions…
Full release here, originally announced June 9th, 2026.
Innovaccer Acquires CaduceusHealth to Make Revenue Cycle Autonomous
Innovaccer’s Fifth Acquisition Expands Flow Suite to Deliver End-to-End Revenue Cycle Operations for Ambulatory Care
Innovaccer Inc., a leading healthcare AI company, today announced the asset acquisition of CaduceusHealth, a nationally recognized revenue cycle management services provider. The acquisition expands Innovaccer’s Flow suite to full-stack revenue cycle capabilities, making Flow the first AI-native platform that unifies scheduling, patient engagement, and end-to-end revenue cycle management into a single operating layer for ambulatory care. This marks Innovaccer’s fifth acquisition and establishes Innovaccer as the leading AI company delivering a comprehensive agentic stack for health systems and provider groups.
Ambulatory practices, from primary care to specialty and multispecialty groups, are operating on infrastructure built for a pre-AI era. Manual workflows, fragmented systems, and human-intensive processes are compressing margins at exactly the moment when AI-native alternatives are becoming available. Healthcare providers face record rates of denials. Industry data suggests almost $20 billion is lost annually to avoidable denials alone and up to 65% of denials are never resubmitted because most providers simply lack the time and resources to fight back. Consolidation is accelerating, and the window for independent practices to modernize on their own terms is narrowing.
Founded in 1997, CaduceusHealth has spent nearly three decades managing the full complexity of provider billing, claims, and denial resolution across thousands of practices, dozens of specialties, and every major electronic health record system.
The acquisition accelerates Innovaccer’s Flow suite, bringing CaduceusHealth’s deep ambulatory RCM expertise and client relationships directly into Innovaccer’s agentic revenue cycle platform. CaduceusHealth’s U.S. based team serves nearly 4,000 providers and manages $5 billion in gross patient charges annually for leading healthcare organizations. The combination means ambulatory networks will no longer have to choose between human expertise and the scalability of AI automation. They get both on a single platform.
“We started Innovaccer with the belief that the people who went into healthcare didn’t sign up for administrative work,” said Abhinav Shashank, Co-Founder and CEO at Innovaccer…
Full release here, originally announced May 21st, 2026.
No comments:
Post a Comment