Partnership Supports the Company’s Growth and Expansion
Global alternative asset manager The Carlyle Group announced that Carlyle Growth Investments IV, an affiliate of Carlyle Asia Growth Partners V, has acquired a significant majority stake in Visionary RCM Infotech (India) (VRCM), the largest offshore risk adjustment and medical coding solution provider in India.
Founded in 2006, VRCM is headquartered in Chennai with five offshore delivery centers and more than 2,500 employees in India, offering services to multiple healthcare clients. VRCM offers medical coding services for risk adjustment, audit of medical records, diagnostic and procedural coding services to hospitals and physicians for filing claims with health plans, and support for revenue cycle management (RCM).
Shankar Narayanan, Managing Director and Co-Head of Carlyle Asia Growth Partners, said, “We are delighted to partner with VRCM, a company with an experienced management team, a track record of high quality, consistent services and strong client relationships. As the medical coding and RCM services market continues to grow, we believe VRCM is well-positioned to capitalize on future market opportunities. We look forward to working with Rajesh and the VRCM team to support its next phase of growth.”
Rajesh P. Surana, CEO and Founder of Visionary RCM, said, “Carlyle has deep industry expertise and an extensive network in the global healthcare and technology industry, including in the U.S. We believe VRCM will strongly benefit from the partnership with Carlyle as we continue to expand our service offerings, develop our business and explore expansion opportunities.” Carlyle has invested more than US$1.5 billion of equity in more than 30 transactions in India as of September 30, 2017. Its recent investments in India include SBI Card and Delhivery Pvt Ltd.
