Gulf Capital buys U.S. health tech firms for $60 million, plans to expand | Reuters

Gulf Capital buys U.S. health tech firms for $60 million, plans to expand | Reuters

Abu Dhabi-headquartered Gulf Capital announced on Tuesday the acquisition of two healthcare technology companies in the United States for $60 million, and its CEO said the investment firm is looking to expand over the coming year.

Gulf Capital, which manages over $2.5 billion in assets, said it had completed the purchase of majority stakes in U.S.-based Eclat Health and Hansei Solutions, which specialise in revenue cycle management solutions for healthcare providers.

The investments were worth $60 million roughly evenly split, Gulf Capital CEO Karim El Solh told Reuters.

“Our focus on healthcare has paid off very nicely because it’s been one of the very few sectors that’s been growing during the pandemic,” he said. “The other two sectors that are doing very well for us are technology and payments.”