GeBBS Healthcare Solutions, Inc., a portfolio company of the India-focused private equity firm ChrysCapital, announced on February 22 its acquisition of CPa Medical Billing.
The transaction expands the market, services, capabilities and footprints of both companies, enabling clients to benefit from an integrated revenue cycle management (RCM) solution offering from one partner. CPa Medical Billing clients will benefit from GeBBS’ end-to-end RCM workflow/automation tools and large geographic footprint. GeBBS Healthcare will expand its U.S.-based delivery capabilities and its RCM services portfolio to the federally qualified health centers (FQHCs) market.
Established in 2003, CPa Medical Billing is an East Haven, Connecticut-based provider of RCM services to FQHCs and other multi-specialty physician groups.
Culver City, California-based GeBBS Healthcare Solutions provides RCM and risk adjustment solutions for healthcare providers and payers.
According to data captured in the LevinPro HC database, this acquisition marks the 33rd eHealth transaction of 2023, and the seventh in the RCM specialty. There were 66 eHealth transactions and three RCM deals announced between January 1, 2022, and February 23, 2022.
