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ChrysCapital-Backed GeBBS Healthcare Acquires Aviacode

GeBBS Healthcare Solutions, a provider of technology-enabled revenue cycle management (RCM) and risk adjustment solutions for health care providers and payers, recently announced the acquisition of Aviacode, a Salt Lake City–based provider of medical coding and compliance services to hospitals and physician groups.

The transaction expands the services, capabilities, and geographical footprints of both companies, enabling clients to benefit from an integrated RCM solution offering from one partner. This acquisition is part of GeBBS’ growth strategy, supported by the company’s investors, ChrysCapital. Aviacode clients will benefit from GeBBS’ end-to-end RCM services, workflow/automation tools, and large geographic footprint. Through this acquisition GeBBS Healthcare will expand its US-based delivery capabilities and its medical coding/audit/clinical documentation improvement services portfolio.

“We continue to see strong market demand for our solutions as the challenging environment due to the pandemic has led providers to appreciate the value GeBBS can deliver as a strategic partner,” says Nitin Thakor, executive chairman of GeBBS Healthcare. “We view M&A to be a core component of our growth strategy. With the support of ChrysCapital, we will continue to acquire businesses with differentiated capabilities that have technology at the core of their value proposition.”

“Our companies are highly complementary. GeBBS and Aviacode share a common vision of improving coding quality and reducing the administrative burden on providers,” says Milind Godbole, CEO and managing director of GeBBS Healthcare. “Aviacode clients will benefit from GeBBS’ deep operating experience, technology, and scale. We are excited by the opportunity to bring more value to our combined clients as they look to solve their RCM challenges with fewer vendors. We welcome the Aviacode team to the GeBBS family.”

“GeBBS’s acquisition of Aviacode will create a national leader in the fully outsourced end-to-end revenue cycle services and technology market,” says Keith Hagen, CEO of Aviacode. “Our existing customers will benefit from GeBBS’s leading edge automation solutions, large geographic footprint, and its deep expertise across the entire revenue cycle. We are thrilled to be joining the GeBBS family.”

Source: GeBBS Healthcare Solutions