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2026-07-09 17:13 24d ago
2026-07-09 11:00 24d ago
IKS Health Completes Acquisition of TruBridge
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FMP Stock News
Original source text
IKS Health, a global leader in care enablement solutions across the patient journey, today announced the successful completion of its previously announced acquisition of TruBridge™, Inc. TruBridge is a prominent provider of healthcare technology including an electronic health record (EHR) and revenue cycle management solutions for rural and community hospitals. Following the closing, TruBridge operates as a wholly owned subsidiary of IKS Health.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260709301216/en/

With nearly one in five Americans facing challenges accessing care, rural and community hospitals are under immediate pressure to alleviate administrative, clinical, and operational burdens. To address these systemic challenges, IKS Health is developing a purpose-built, intelligent healthcare operating system designed to optimize the entire care journey.

“Through this market expansion, we are uniting capabilities that move us further toward our goal of a combined system of record and system of action workflow that uses explainable AI-driven and human-in-the loop solutions to reduce administrative friction, ease financial pressures, and close critical gaps in patient care,” said Sachin K. Gupta, Founder and Global CEO of IKS Health. “With TruBridge as part of our organization, we can now extend a range of offerings to healthcare organizations, from independent practices and rural community hospitals to large health systems.”

The combined organization supports more than 2,000 healthcare organizations and over 150,000 clinicians across the U.S. Customers of all sizes can expect continued, uninterrupted support, and expanded investment in future innovation. Existing products will remain available as standalone offerings to ensure complete continuity of service. By driving financially sustainable, high-quality, and accountable care across the acute and ambulatory continuum, this scalable technology will deliver transformative value across the entire combined client base, regardless of EHR infrastructure.

This acquisition represents a pivotal investment in the rural and community health sector, positioning IKS Health to capture a significant share of a $260 billion total addressable market. By accelerating the deployment of advanced AI capabilities, including specialized large language model (LLM) solutions, IKS Health will enable customers to automate complex workflows and unlock greater value from their clinical data. The transaction is structured to drive long-term shareholder value by broadening customer reach, deepening cross-sell opportunities, and creating a highly scalable business primed for sustainable, profitable growth.

Building on IKS Health’s 20-year award-winning history of revenue cycle excellence, dedicated stewardship, financial strength, and client retention, combined with TruBridge’s trusted EHR platform, award-winning revenue cycle technology, advanced medical coding capabilities, and deep experience across hospital and community-based care, the combined entity is uniquely positioned to deliver multi-layered value across the healthcare ecosystem:

For patients and communities: Fewer gaps in care, enhanced digital experiences, and healthcare that is easier to access and sustain locally. For clinicians and care teams: Drastically reduced administrative burdens, letting clinicians practice medicine with focus, purpose, and presence. For healthcare organizations: Stronger financial performance, more reliable operations, and the financial stability required to sustain their clinical mission. “We are pleased to partner with IKS Health, as we share a deep, long-term commitment to helping healthcare organizations run efficiently, strengthen their financial health, and empower clinicians to practice at the top of their license,” said Chris Fowler, CEO of TruBridge. “By uniting our capabilities, we are helping healthcare organizations optimize their performance, build operational strength, and seamlessly navigate the complexities of the modern patient journey.”

About IKS Health

IKS Health reduces the administrative, clinical, and operational burdens that slow healthcare down, giving clinicians and care teams the freedom to focus on delivering exceptional care. Through its Care Enablement platform, IKS Health integrates agentic AI workflows with human expertise to create smarter, more accurate operations, better outcomes, and financially sustainable growth across the care journey. Founded in 2006 and recognized by Black Book as the top provider of AI-driven RCM services, by KLAS for performance and client satisfaction, and by Google Cloud with a DORA Award for “Augmenting Human Expertise with AI,” IKS Health partners with the largest health systems, physician groups, and specialty practices across the United States. Learn more at ikshealth.com.

Inventurus Knowledge Solutions Limited is listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE). {Scrip codes: NSE - IKS and BSE - 544309}

About TruBridge

TruBridge proudly supports rural and community healthcare providers in their efforts to stay strong, independent, and deeply rooted in the communities they serve. Backed by more than 45 years of healthcare experience and trusted by over 1,500 clients nationwide, TruBridge offers a mix of technology, services, and strategic expertise — including revenue cycle management (RCM), electronic health records (EHR) and analytics — all designed singularly for the realities of rural and community healthcare. With a steadfast commitment to keeping care local, TruBridge helps hospitals flourish as the economic heart of their communities, delivering high-quality, deeply personal care close to home. Learn more at trubridge.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260709301216/en/

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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2026-06-24 15:08 1mo ago
2026-06-19 10:53 1mo ago
Record Currency Management Participates in Innovative European Bank for Reconstruction and Development (EBRD) -Backed Mongolian Tugrik Transaction
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FMP Stock News
Original source text
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LONDON--(BUSINESS WIRE)--Record Currency Management Ltd (RCM), subsidiary of London-listed Record plc (Record Financial Group), is pleased to announce its participation in an innovative local currency bond transaction issued by the European Bank for Reconstruction and Development (EBRD), supporting the development of Mongolia's capital markets while providing institutional investors with access to attractive frontier market opportunities.

RCM is the UK currency management arm of Record Financial Group, the London-listed specialist investment group managing USD 115 billion of assets on behalf of institutional clients worldwide. Record's client base comprises pension funds, foundations, sovereign institutions and other asset managers, with whom the Group has built long-standing relationships through its focus on bespoke investment and risk management solutions. Headquartered in London, Record has offices in Hamburg, Zurich, Zug, New York, and Hong Kong.

The investment forms part of Record Financial Group's broader strategy of expanding its specialist capabilities in emerging and frontier markets, building on the Group's longstanding expertise in currency management and institutional investing. This allocation coincides with the fifth anniversary of Record’s flagship EM Sustainable Finance Fund (EMSF) launched in 2021 and now with c. $1 billion in assets.

The transaction involves a 4-year EBRD Fixed Rate Note linked to Mongolian Tugrik (MNT), with proceeds supporting local currency financing initiatives designed to promote sustainable economic development and strengthen Mongolia's financial markets. EMSF’s investment contributed towards a total of USD 20 million under the EBRD’s Global Medium Term Note Programme at a fixed rate of 9.75%.

The EBRD has been an active investor in Mongolia since 2006, supporting the country's transition towards a more diversified and resilient economy. Its activities span infrastructure, renewable energy, agribusiness, financial institutions and corporate development, with a particular focus on strengthening local capital markets and expanding access to finance.

For institutional investors, local currency financing plays an important role in supporting sustainable economic growth by reducing currency mismatches for borrowers and helping to develop domestic financial markets. By providing funding in local currency, investments can reduce exchange rate risks for businesses and financial institutions while contributing to greater financial stability and economic resilience.

Record's participation reflects the Group's commitment to developing specialist investment solutions in emerging and frontier markets where deep market expertise and institutional investment disciplines can create attractive long-term opportunities for clients.

Commenting on the investment, Dr Othman Boukrami, CEO at Record Currency Management, said:

"Frontier and emerging markets remain an important area of strategic focus for Record. Our experience in currency and sovereign markets gives us a strong foundation for identifying innovative investment opportunities that combine attractive institutional characteristics with positive economic outcomes. We are pleased to participate in this EBRD-backed transaction, which supports the development of Mongolia's capital markets while providing investors with exposure to a differentiated frontier market opportunity."

Isabelle Laurent, Deputy Treasurer and Head of Funding at EBRD, commented:

" We greatly appreciate the successful collaboration we have been pleased to enjoy with Record since the establishment of the fund, and the recognition of the importance of local currency lending to the sustainability of our clients’ projects, especially where they are not exporters. We have undertaken transactions in many currencies over the last five years, including, most recently, for key projects in Mongolia."

The investment complements Record's growing private markets and frontier market capabilities, which span specialist currency strategies, emerging market debt, investments in real assets, and private equity and credit. Together, these activities reflect the Group's strategy of providing institutional investors with differentiated opportunities in markets where specialist expertise and long-term partnerships can create sustainable value.

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2026-06-19 14:52 1mo ago
2026-06-16 07:00 1mo ago
RCM Services Provider Fellow Health Partners Announces Strategic Investment from Cleargate Capital Partners
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FMP Stock News
Original source text
Investment to Accelerate Fellow’s Plan to Grow through Continued Geographic Expansion, Technology Investments and Strategic Acquisitions

BAY SHORE, N.Y.--(BUSINESS WIRE)--Fellow Health Partners (“Fellow”), a leading provider of revenue cycle management ("RCM") services to physician groups, ambulatory surgery centers, and healthcare organizations nationwide, today announced that it has received a strategic investment from Cleargate Capital Partners (“Cleargate”), a healthcare-focused private equity firm committed to long-term partnerships with founder-led, lower middle market businesses. Terms of the transaction were not disclosed.

Fellow helps healthcare providers navigate an increasingly complex environment by delivering RCM services that improve collections, reduce administrative burdens, and enhance financial performance. Fellow supports more than 500 clinicians across approximately 50 healthcare organizations nationwide. It has earned a reputation for highly attentive customer service and deep subject matter expertise in orthopedic surgery, anesthesia, ambulatory surgery centers, and other specialty physician practices. CEO Michael N. Brown and the rest of Fellow’s management team will continue to lead the organization through this next chapter of growth.

“Since our founding, we have grown by maintaining a culture centered on service, accountability, innovation, and opportunity,” said Michael N. Brown, Chief Executive Officer of Fellow Health Partners. “The Cleargate team understands that our culture and commitment to our customers underpins everything we do and drives our business forward, and we believe they are the right partner for our next phase of growth. Cleargate’s support will ensure we are well positioned to capitalize on the numerous opportunities ahead of us, deepening our technological capabilities and expanding our client footprint.”

Cleargate will provide Fellow with the additional resources needed to accelerate investment in its SAVi technology platform and enhance its workflow technologies for the benefit of healthcare providers. Additionally, Cleargate will help Fellow evaluate acquisition opportunities that expand Fellow’s services offering and geographic presence.

“We understand growth-oriented healthcare businesses and look forward to helping Michael and his team execute Fellow’s customer-centric strategy,” said Will Ritchie, Partner at Cleargate Capital Partners. “Across the range of RCM opportunities that we have evaluated, Fellow stood out as an end-to-end RCM provider that delivers best-in-class results to complex specialties through white glove service and robust technology. We are excited to partner with Michael and the Fellow team as they deliver exceptional outcomes to a growing list of healthcare providers across the country.”

About Fellow Health Partners

Fellow Health Partners is a leading provider of revenue cycle management ("RCM") services to physician groups, ambulatory surgery centers, and healthcare organizations nationwide. Its services include medical billing, coding, credentialing, compliance, and practice support services. The company helps its healthcare provider customers improve financial performance, maximize reimbursement, and streamline operations. Fellow currently supports more than 500 clinicians across approximately 50 healthcare organizations throughout the United States. Read more at fellowhealthpartners.com.

About Cleargate Capital Partners

Founded in 2025, Cleargate Capital Partners is a healthcare-focused private equity firm committed to long-term collaborations with exceptional founder-led and lower middle-market businesses. The Cleargate team has spent over two decades investing in healthcare and working directly with management teams on value creation initiatives, including operational improvement, strategic investments, and acquisitions. Cleargate brings founder-level understanding to every investment and seeks to build market-leading companies by providing capital, resources, and expertise while preserving the entrepreneurial culture that drives long-term success. More information can be found at cleargatecp.com.