Deal Street

January 04, 2018

Carlyle Group acquires Visionary RCM Infotech


According to a statement from Carlyle, an affiliate of US-based private equity fund Carlyle Asia Growth Partners, Carlyle Growth Investments IV has acquired a medical coding solutions provider, Visionary RCM Infotech (India) Pvt. Ltd.

The investors led by Carlyle Group would be acquiring a majority controlling stake in VRCM through a combination of primary subscription to equity shares and purchase of shares from the existing shareholders of VRCM, as a part of the transaction.

“As the medical coding and RCM services market continues to grow, we believe VRCM is well-positioned to capitalize on future market opportunities,” said Shankar Narayanan, Managing Director and Co-Head of Carlyle Asia Growth Partners.

“Carlyle has deep industry expertise and an extensive network in the global healthcare and technology industry, including in the US. We believe VRCM will strongly benefit from the partnership with Carlyle as we continue to expand our service offerings, develop our business and explore expansion opportunities,” said Rajesh P. Surana, Chief Executive Officer (CEO) and Founder of Visionary RCM.

J Sagar Associates advised the Carlyle Group and its co-investors as its legal counsel in the transaction with the team led by Mumbai Partner Vikram Raghani.

Shardul Amarchand Mangaldas acted for Visionary RCM Infotech (VCRM), Founder and CEO Rajesh Surana, NEA Indo US Ventures and its other existing shareholders on all legal aspects of the transaction, led by the private equity group of its general corporate practice team: Partner Abhishek Guha along with Principal Associate Ekta Tyagi and Associates Aditi Tralshawala and Keegan Pavrey.

The tax advisors to VRCM were Avendus Capital Private Limited, Triple Tree LLC and PwC, Bangalore, while PwC, Mumbai was the tax advisor to the Carlyle Group.

Founded in 2006, VRCM offers medical coding services for risk adjustment, audit of medical records, diagnostic and procedural coding services to hospitals and physicians for filing claims with health plans, and support for Revenue Cycle Management (RCM).

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