Some of the most prominent buyout groups like Advent International, Blackstone, and Carlyle are vying to obtain a majority stake in Texas-based healthcare BPO Access Healthcare. People with knowledge of the matter have revealed this. Hillhouse Investment, which narrowly missed out to EQT on a similar US-centric firm GeBBS in September, is also making a serious bid. All these firms are scheduled to submit non-binding offers by the middle of December for a 60-70% stake in the company, with an estimated value of $1.4-1.5 billion. The extent of the stake sale is expected to be determined through subsequent rounds of negotiations, as stated by the cited people.

Access Healthcare: A Brief Overview

Set up in 2012 by Anurag Jain, an Indian-origin serial entrepreneur and venture capitalist, privately held Access Healthcare has 20 global delivery centres across nine cities in India, the Philippines, and the US. This company provides a wide range of services to hospitals, healthcare systems, medical groups, medical billing companies, health plans, and boutique revenue cycle management (RCM) software and services firms. A team of over 27,000 professionals assists clients in redefining revenue cycles and enhancing administrative, financial, and clinical outcomes. According to the company website, it supports 500,000 physicians and processes over 400 million transactions annually, managing $120 billion in claims annually.Access Healthcare's services play a crucial role in the healthcare industry, helping to optimize processes and improve financial and clinical aspects. Its global presence and large team enable it to serve a significant number of clients and handle a massive volume of transactions.