What You Ought to Know:
– CitiusTech, a number one supplier of know-how and consulting companies to healthcare and life sciences firms, right this moment introduced a strategic development funding from Bain Capital Personal Fairness (“Bain Capital”).
– Bain Capital joins Baring Personal Fairness Asia (“BPEA”), which acquired a majority stake in CitiusTech in 2019, as a major shareholder to speed up the Firm’s development. Monetary phrases of the non-public transaction weren’t disclosed.
Know-how-Pushed Consulting Companies
Based in 2005, CitiusTech offers a variety of digital healthcare know-how and consulting companies to assist over 130 main healthcare and life sciences organizations ship higher outcomes, remodel care and enterprise processes, and make a meaningfully constructive influence on sufferers. Because the healthcare trade continues to embrace digital and AI-driven options, CitiusTech has made sturdy investments in proprietary platforms, accelerators, and scalable, repeatable options to handle trade wants reminiscent of value-based efficiency, know-how modernization, affected person engagement, medical imaging, digital entrance door, and digital well being transformation.
“We’re thrilled to companion with Bain Capital, one of many world’s main funding corporations with a major observe file scaling healthcare and life sciences companies to drive the subsequent part of our development,” stated Bhaskar Sambasivan, Chief Govt Officer of CitiusTech. “This can be a outstanding milestone for CitiusTech, and a testomony to our capacity to assist our clients make healthcare extra care-efficient, customized, and data-driven. CitiusTech has grown impressively since our partnership with BPEA in 2019, and this funding from Bain Capital will allow us to proceed to scale and innovate to higher serve current and new clients and meet the rising demand for digital well being options worldwide.”
“CitiusTech has established itself as a pacesetter in healthcare digital innovation and enterprise transformation, and a trusted companion to blue-chip healthcare purchasers with a robust observe file of supply excellence,” stated Samonnoi Banerjee, managing director at Bain Capital Personal Fairness. “We imagine that our appreciable healthcare and life sciences expertise will likely be a major asset to CitiusTech’s development in a quickly evolving healthcare know-how market.”
Current acquisitions of FluidEdge and SDLC Companions has enabled CitiusTech to supply deep healthcare area consulting and end-to-end digital transformation options throughout its key markets – MedTech, payers, suppliers, and life sciences.