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IKS · price
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IKS Health has announced an agreement to acquire TruBridge, a US-based healthcare IT company, for $575 million+ in strategic 'whitespace' opportunity. TruBridge brings an Electronic Health Record (EHR) platform that will integrate with IKS's AI-powered Care Enablement Platform to create a closed-loop healthcare operating model. The combined entity targets ~INR 3,000 crore EBITDA by FY30, with synergies expected within 3 years. The deal is fully debt-funded with post-transaction leverage at ~3x, expected to be EPS accretive in Year 1 and closing in Q2 FY2027. TruBridge serves small-to-mid acute care and rural hospitals (under 400 beds), complementing IKS's existing ambulatory focus without customer overlap.
This acquisition significantly expands IKS's total addressable market and creates cross-sell opportunities across complementary customer segments. The deal is debt-funded but management projects strong deleveraging ability based on past Aquity acquisition experience, with potential margin improvement from cost synergies.