TELEO Capital Management to acquire CHCS Services from Capgemini.

TELEO Capital Management, a lower middle market private equity firm agreed to acquire CHCS Services, a technology-enabled third-party administrator for the senior health and eldercare markets, from Capgemini, a French multinational information technology services and consulting company. Financial terms were not disclosed. "CHCS is one of the leaders in the insurance TPA market and has built an innovative platform for Medicare and LTC providers. We are extremely excited to support CHCS in this next stage of growth," TELEO Capital.