MUMBAI, India, Oct. 21, 2022 /PRNewswire/ — CitiusTech (“the Company”), a number one supplier of know-how and consulting companies to healthcare and life sciences corporations, at present welcomed Bain Capital Private Equity (“Bain Capital”). as an investor, becoming a member of present shareholder BPEA EQT who acquired a majority stake in CitiusTech in 2019. Financial phrases of the personal transaction weren’t disclosed.
“We are thrilled that Bain Capital is joining BPEA EQT as an investor in CitiusTech, creating a partnership with two of the world’s leading investment firms. Both firms have significant track records scaling healthcare and technology businesses, and we couldn’t have picked two better partners to further support our growth ambitions,” stated Bhaskar Sambasivan, Chief Executive Officer of CitiusTech. “CitiusTech has more than doubled its revenues since our partnership with BPEA EQT in 2019. The investment from Bain Capital will help us continue to scale and innovate, to better serve existing and new customers, and enable healthcare organizations to become more care-efficient, personalized, and data-driven.”
Founded in 2005, CitiusTech supplies a spread of digital healthcare know-how and consulting companies to assist over 130 main healthcare and life sciences organizations ship higher outcomes, rework care and business processes, and make a meaningfully constructive impression on sufferers. As the healthcare {industry} continues to embrace digital and AI-driven options, CitiusTech has made robust investments in proprietary platforms, accelerators, and scalable, repeatable options to deal with {industry} wants similar to value-based efficiency, know-how modernization, affected person engagement, medical imaging, digital entrance door, and digital well being transformation.
“CitiusTech has established itself as a leader in healthcare digital innovation and business transformation, and a trusted partner to blue-chip healthcare clients with a strong track record of delivery excellence,” stated Samonnoi Banerjee, managing director at Bain Capital Private Equity. “We believe that our considerable healthcare and life sciences experience will be a significant asset to CitiusTech’s growth in a rapidly evolving healthcare technology marketplace.”
Recent acquisitions of FluidEdge and SDLC Partners has enabled CitiusTech to supply deep healthcare area consulting and end-to-end digital transformation options throughout its key markets – MedTech, payers, suppliers, and life sciences.
“As a strategic investor since 2019, we have been continually impressed by Bhaskar and the entire senior management team, in particular their ability to drive exceptional growth throughout both a strategic transformation and the headwinds of COVID-19. We have great confidence in CitiusTech’s ability to continue building on this growth through its deep healthcare domain expertise and proven technological innovation,” stated Hari Gopalakrishnan, accomplice at BPEA EQT. “We are excited to work with our new partners at Bain Capital as we collectively work with CitiusTech to take another big step forward.”
About CitiusTech
CitiusTech is a number one supplier of digital know-how and consulting companies to payer, supplier, medical know-how and life sciences corporations. With over 7,500 healthcare know-how professionals worldwide, CitiusTech powers healthcare digital innovation, business transformation and industry-wide convergence for over 130 organizations, by way of next-generation applied sciences, options and merchandise. Key focus areas embrace healthcare interoperability, safe knowledge administration, high quality and efficiency analytics, value-based care, affected person expertise, medical imaging, linked well being, payer-provider convergence, care coordination and inhabitants well being administration. CitiusTech’s cutting-edge know-how experience, deep healthcare area experience and a powerful concentrate on digital transformation permits healthcare and life sciences corporations to reinvent themselves to ship higher outcomes, speed up development, drive efficiencies, and in the end make a significant impression to sufferers. Learn extra: www.citiustech.com .
About Bain Capital Private Equity
Bain Capital Private Equity has partnered carefully with administration groups to offer the strategic assets that construct nice corporations and assist them thrive since its founding in 1984. Bain Capital Private Equity’s international staff of greater than 250 funding professionals creates worth for its portfolio corporations by way of its international platform and depth of experience in key vertical industries together with healthcare and know-how. The agency has made major or add-on investments in additional than 1,100 corporations since its inception. Within healthcare, Bain Capital has partnered with dynamic healthcare corporations devoted to high quality, entry, innovation, and improved affected person outcomes (to study extra please go to https://www.baincapital.com/healthcare/), and with scale and disruptive know-how companies the place the agency’s in-depth data of elementary developments, perception into evolving buyer dynamics, and vertical market experience helps speed up development.
In addition to personal fairness, Bain Capital invests throughout asset lessons together with credit score, public fairness, enterprise capital, and actual property, managing roughly $160 billion in complete and leveraging the agency’s shared platform to seize alternatives in strategic areas of focus. For extra info, go to www.baincapitalprivateequity.com.
About BPEA EQT
BPEA EQT is a part of EQT, a purpose-driven international funding group in energetic possession methods. BPEA EQT combines the personal fairness groups from Baring Private Equity Asia (BPEA) and EQT Asia, making a complete Asian personal fairness presence with native groups in eight cities throughout the area, a 25-year heritage, and greater than USD 25 billion of capital deployed since inception. In addition to BPEA EQT, EQT’s methods within the area embrace EQT Infrastructure and the true property division EQT Exeter. More data: www.eqtgroup.com/private-capital/bpea-eqt
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