Private equity giants eye Access Healthcare stake
TEXAS, UNITED STATES — Private equity giants compete for a majority stake in Access Healthcare, a healthcare business process outsourcing (BPO) firm, with the deal potentially valuing the company at $1.5 billion.
Industry titans Advent International, Blackstone, Carlyle, and Hillhouse Investment are preparing to submit non-binding offers by mid-December for a 60-70% stake in the Texas-based company.
Why Access Healthcare attracts investors
Access Healthcare, founded in 2012 by Indian-origin entrepreneur Anurag Jain, has established itself as a powerhouse in healthcare services. With 20 global delivery centers spread across nine cities in India, the Philippines, and the United States, the company employs over 27,000 professionals. The company processes more than 400 million transactions annually and manages $120 billion in claims, serving 500,000 physicians.
Access Healthcare specializes in revenue cycle management (RCM) and provides comprehensive services to hospitals, healthcare systems, medical groups, and health plans. The company has positioned itself strategically in a market that is projected to grow from $152 billion in 2022 to $259 billion by 2028, with a CAGR of 9.7%.
Recent transactions highlight trend
The potential acquisition aligns with the broader industry trend of private equity investments in healthcare BPOs, as organizations increasingly seek cost-effective solutions in response to rising healthcare expenses.
TA Associates acquired a majority stake in Vee Healthtek for $250 million, and EQT expressed interest in purchasing GeBBS Healthcare Solutions for $860 million before Hillhouse outbid it. The competition for Access Healthcare mirrors this broader momentum in healthcare outsourcing investments.
Access Healthcare’s current investor base includes notable figures such as Ross Perot Jr. and former Dell Services executives, with Athenahealth holding a minority stake. The heightened interest from private equity firms reflects the growing attraction of healthcare BPOs, particularly those specializing in revenue cycle management.
