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JSA assists PE giant Carlyle on majority buy of SAM healthcare client Visionary RCM Infotech in Chennai

US-based private equity major Carlyle Asia Growth Partners has made an undisclosed but a significant majority stake acquisition in Chennai-headquartered healthcare solutions provider Visionary RCM Infotech (VRCM) through its affiliate Carlyle Growth Investments IV to support its growth and expansion plans, as reported by The Economic Times and Mint. As a part of the transaction, investors led by Carlyle Group would be acquiring a majority controlling stake in VRCM through a combination of primary subscription to equity shares and purchase of shares from the existing shareholders of VRCM.

Shardul Amarchand Mangaldas advised Visionary RCM Infotech (VCRM), founder and CEO Rajesh Surana, NEA Indo US Ventures and its other existing shareholders on all legal aspects of the transaction, led by the private equity group of its general corporate practice team: partner Abhishek Guha along with principal associate Ekta Tyagi and associates Aditi Tralshawala and Keegan Pavrey.

J Sagar Associates (JSA) acted as legal counsel to the Carlyle Group and its co-investors in the transaction and was led by Mumbai partner Vikram Raghani, partner Pallavi Puri, principal associate Bir Bahadur Singh Sachar and associates Bharath Sridhar and Kayal Manivanan.

Avendus Capital Private Limited, Triple Tree LLC and PwC, Bangalore was the tax advisors to VRCM, while PwC, Mumbai was the tax advisor to the Carlyle Group.

Founded in 2006, VRCM offers medical coding services for risk adjustment, audit of medical records, diagnostic and procedural coding services to hospitals and physicians for filing claims with health plans, and support for revenue cycle management (RCM).


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