Inventurus Knowledge Solutions Limited has announced that its wholly owned subsidiary, Inventurus Knowledge Solutions, Inc. (IKS Inc.), will acquire 100% of the shareholding in Trubridge Inc. for a total consideration of up to USD 565 million. The acquisition will be executed through a merger of IKS Next Horizon, Inc., a Delaware corporation and wholly-owned subsidiary of IKS Inc., with Trubridge, pursuant to a plan of merger in accordance with Delaware law.
The acquisition, which is subject to customary adjustments for net debts and selling expenses, will result in Trubridge becoming a wholly owned subsidiary of IKS Inc., and an indirect subsidiary of Inventurus Knowledge Solutions Limited. The transaction is expected to be completed within 180 days from April 23, 2026.
Trubridge Inc., a leading healthcare IT and revenue cycle management services provider in the United States, reported a turnover of USD 347 million. The acquisition aims to diversify Inventurus Knowledge Solutions’ business into the SaaS EHR segment and enhance its integrated suite of EMR and Care enablement platform solutions.
The acquisition will be funded through a financing arrangement of up to USD 670 million, proposed to be availed by IKS Inc. from lenders including Citibank N.A., Deutsche Bank AG Singapore Branch, and JPMorgan Chase Bank, N.A., Hong Kong Branch. The financing will also support other purposes as outlined in the facilities agreement.
The security package for the financing will include pledges over the entire shareholding held by the company in IKS Inc., and security interests over substantially all assets of IKS Inc., Aquity Holdings, Inc., Aquity Solutions, LLC, and the Target post-acquisition. Corporate guarantees will also be provided by the company for up to 1.05x of the aggregate amount of the commitments under the facilities.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).