ChrysCapital-backed GeBBS Healthcare to acquire Aviacode.

ChrysCapital-backed GeBBS Healthcare, a provider of healthcare BPO services, agreed to acquire Aviacode, a provider of outsourced medical coding and compliance services. Financial terms were not disclosed. The transaction expands the services, capabilities, and geographical footprints of both companies, enabling clients to benefit from an integrated RCM solution offering from one partner. This acquisition is part of GeBBS’ growth strategy, supported by the company's investors, ChrysCapital. Aviacode clients will benefit from GeBBS’ end-to-end revenue cycle management services, workflow/automation tools and large geographic footprint. “We continue to see strong market demand for our solutions as the challenging environment due to the pandemic has led providers to appreciate the value GeBBS can deliver as a strategic partner. We view M&A to be a core component of our growth strategy. With the support of ChrysCapital, we will continue to acquire businesses with differentiated capabilities that have technology at the core of their value proposition," Nitin Thakor, GeBBS Executive Chairman.