Carlyle Growth plans to expand its offerings with the purchase of Visionary Revenue Cycle Management, according to The Economic Times.
Carlyle is a global private equity fund. Chennai, India-based Visionary RCM is a healthcare solutions provider with three offshore locations and wholly owned subsidiaries in Florida and California.
As part of the $65 million transaction, Carlyle would buy Visionary RCM from the company's promoters and venture capital investors, sources familiar with the deal told The Economic Times.
Representatives from both companies declined to comment to The Economic Times. Visionary RCM founder Rajesh Surana told the publication, "It's confidential and we do not have Carlyle's permission on this."
According to the report, Carlyle may consider merging Visionary RCM with its Allsec Technologies business process outsourcing company.