IKS Health acquires TruBridge Inc for upto $565 million

MUMBAI: Jhunjhunwala family-backed Inventurus Knowledge Solutions (IKS Health) on Thursday announced the acquisition of US-based TruBridge Inc, a Nasdaq-listed provider of health technology solutions for rural and community hospitals, for up to $565 million. The deal allows IKS Health to expand its market presence in the US and diversify its offerings.

The deal, made through IKS Health’s U.S. subsidiary, will be financed by a loan of up to $670 million from Citibank, Deutsche Bank and JPMorgan Chase over a five-year period, the company said in a filing with regulators.

Under the terms of the deal, TruBridge shareholders will receive $26.25 in cash for each share of common stock. The acquisition has been approved by the boards of IKS Health, IKS and TruBridge and is expected to close in the third calendar quarter of 2026, the company said.

This will be the Mumbai-based healthcare technology company’s largest acquisition. “After closing, the combined company will deliver continuous improvement and connected workflows to the heart of rural healthcare and medical groups at large by combining agency artificial intelligence (AI) with human expertise in the loop to proactively address complex operational challenges,” IKS Health said in the statement.

TruBridge is a healthcare IT and revenue cycle management services provider serving more than 700 rural, community and critical access hospitals in the United States with $347 million in revenue. This acquisition will help IKS diversify into the sticky SaaS EHR (electronic health records) segment, a cloud-based, subscription-model medical software system. It will enable the company to deliver an integrated suite of electronic medical records and Care enablement platform solutions to existing and new customers.

TruBridge will also become a wholly owned subsidiary of IKS and will help expand the company’s consolidated asset base, revenue streams and market presence in the U.S. healthcare industry.

“By pairing TruBridge’s core record system with our AI-driven action system, we are moving beyond simply recording data to actively solving the complex operational challenges providers face today,” Sachin K. Gupta, founder and global CEO of IKS Health, said in a statement.

Together, the organization will bring modern revenue cycle management, predictive analytics and advanced EHR capabilities to support more than 2,000 healthcare organizations and more than 150,000 clinicians with a broad portfolio of AI-driven and human-centered solutions designed to advance clinical, operational and financial excellence.