trending Market Intelligence /marketintelligence/en/news-insights/trending/iw4L7Zes-QUtH3srW6d0yA2 content esgSubNav
In This List

Report: Carlyle looks to sell majority stake in Visionary RCM


S&P Capital IQ Pro | Powering Your Edge


Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


S&P Capital IQ Pro | Unrivaled Sector Coverage


Banking Essentials Newsletter: September Edition

Report: Carlyle looks to sell majority stake in Visionary RCM

Private equity firm Carlyle Group LP is exploring a sale of its majority stake in healthcare technology company Visionary RCM Infotech India Pvt. Ltd., Mint reported, citing two people aware of the development.

The firm is seeking potential strategic and private equity buyers and hired Credit Suisse to manage the sale process, the news outlet said citing one of the sources, who noted that Carlyle is aiming for a valuation of US$200 million to US$300 million.

The private equity firm bought a majority stake in the company in December 2017 from Asia-focused Carlyle Growth Investments IV, for almost US$65 million.

The Chennai, India-headquartered company provides risk-adjustment services, revenue cycle management, audit of medical records, and medical coding solutions to physicians, hospitals, insurers and third-party administrators.

Carlyle Group and Credit Suisse declined a request for comment by Mint.