UAE — Gulf Capital’s portfolio company, Eclat Health Solutions, has completed the acquisition of the Health Information Management (HIM) division of Excite Health Partners, reinforcing its US Revenue Cycle Management (RCM) Platform.
This marks the third acquisition for Gulf Capital’s US RCM platform, with prior acquisitions including Eclat Health Solutions and Hansei Solutions, expanding its global reach across the US, the Middle East (ME), and Australia.
With this acquisition, the US RCM Platform is further enhancing its capabilities, offering technology solutions, tailored point solutions, and comprehensive end-to-end RCM services across the US healthcare landscape.
The platform caters to a wide range of healthcare providers and payers, from behavioral facilities and ambulatory surgery centers to medium and large healthcare institutions.
Since its initial acquisitions, Gulf Capital’s US RCM platform has made significant strides, increasing its coverage from seven to 33 US states.
It has also introduced a new payer vertical and two new Software-as-a-Service (SaaS) technologies, expanded its delivery centers from two to eight across three continents, and grown its employee base from 300 to over 2,000.
The acquisition brings together the leadership teams of ECLAT and Excite, combining their expertise and success records to drive the growth of the merged company.
This collaboration is expected to result in innovative service solutions that benefit both clients and patients.
Expanded service offerings
One of the key advantages of this acquisition is the expanded service offerings. ECLAT Health Solutions can now provide global and onshore HIM services through Excite Health Partners’ extensive network and experienced team members.
This broader portfolio of services will offer both new and existing clients a more extensive range of options to meet their evolving needs.
Dr. Karim El Solh, Co-Founder and CEO of Gulf Capital, emphasized the commitment to building global leaders through strategic acquisitions, reflecting Gulf Capital’s track record of ‘buy-and-build’ strategies.
The company has completed five transactions across the Middle East, the US, and Australia to establish itself as a global RCM leader.
Karthik Polsani, Founder & Group CEO of ECLAT Health Solutions, expressed enthusiasm for the integration of the Excite team into ECLAT, highlighting their dedication to meeting clients’ needs and maintaining a culture of exceptional service.
Inorganic growth and transformation
Partnerships with Gulf Capital have played a crucial role in supporting ECLAT’s growth, including the expansion into new verticals such as the payer business and the development of SaaS technology, evaire. The collaboration also fuels their inorganic growth aspirations.
Mohammad Madani, Managing Director at Gulf Capital, emphasized the platform’s ability to grow and scale through inorganic acquisitions, enhancing delivery capabilities for clients.
The US RCM platform now offers tailored and comprehensive solutions, combining technology and services with global delivery capabilities across eight locations and three continents, positioning itself for continued growth and success.
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