Inventurus Knowledge Solutions Ltd

🚀 IKS Health to Acquire TruBridge in Major Healthcare Deal, Expanding Reach to Rural Hospitals

- IKS Health enters definitive agreement to acquire healthcare tech company TruBridge, focused on rural and community hospitals.

- Acquisition combines IKS's AI-driven care enablement with TruBridge's revenue cycle management and EHR solutions.

- TruBridge shareholders to receive $26.25 per share in cash.

- Transaction valued based on number of outstanding shares.

- TruBridge's largest shareholders, representing ~27% of shares, have agreed to vote in favor.

- IKS to finance acquisition primarily through new debt, with Citibank, JPMorganChase, and Deutsche Bank underwriting a term loan.

- Combined company will serve over 2,000 healthcare organizations and more than 150,000 clinicians.