Warburg invests $1Bn in healthcare firm Everise
NEW YORK, UNITED STATES, SINGAPORE, SINGAPORE and MUMBAI, INDIA — Global private equity firm Warburg Pincus has agreed to invest $1 billion in Everise, a leading provider of healthcare customer experience solutions.
The new investment values Everise at around $1 billion and Warburg Pincus joins existing investor Brookfield Asset Management.
The deal is subject to approvals and expected to close by end of 2023.
Both investors aim to accelerate Everise’s growth through further expansion, mergers and acquisitions, and new service offerings.
Everise, headquartered in the United States, has over 19,000 employees providing customer experience solutions to healthcare companies across eight markets globally.
“We are excited about backing Everise’s exceptionally experienced leadership team that has a proven track record of driving scale and profitability,” said Saurabh Agarwal, Managing Director at Warburg Pincus.
“With our deep network and resources across Asia and the US, we are well-positioned to help Everise gain further momentum as a leader in the industry.”
Warburg Pincus has invested in healthcare companies for over 50 years including Ensemble Health Partners, Accordion Health, and Quantum Health. The firm has extensive experience supporting healthcare services and technology companies.
Everstone Group, the Singapore-headquartered private equity firm, will be exiting its investment in Everise as part of this transaction. Everstone invested in Everise in its early stages and has been a long-term supporter.
“I and the management team are confident that the partnership between Warburg Pincus and Brookfield will take Everise’s growth to the next level… I would also like to thank Everstone Group for being a strong and supportive partner to Everise from its inception,” said Sudhir Agarwal, Founder and CEO of Everise.
Brookfield Asset Management is a global alternative asset manager focused on real estate, infrastructure, renewable power and private equity with over $750 billion of assets under management.
Aditya Joshi, Managing Partner at Brookfield, said, “Since our investment in Everise in 2020, the company has delivered strong organic growth following investments in technology and operations and has become a strategic partner for its customers around the world.”
Industry analysts noted that the investment underscores the attractiveness of healthcare customer experience outsourcing.
