Blackstone, Hillhouse Investment, TPG Capital and General Atlantic have submitted bids, valuing the RCM company at around $1 billion, multiple people aware of the development told The Economic Times.
AGS Health is currently owned by private equity firm EQT Partners, which acquired the company in 2019 for $320 million, according to the report. The firm has hired JPMorgan and Bank of America to manage the sale process, which is expected to be launched by early 2026.
The RCM company employs 12,000 people in the U.S., India and Manila, according to the report. Its clients include Columbus-based OhioHealth and Nashville, Tenn.-based Vanderbilt University Medical Center.