GTCR has kicked off a sale of healthcare technology company Cedar Gate Technologies, which is expected to fetch more than $1bn, in what would be the latest in a series of exits by the private equity group, according to people familiar with the matter. The Chicago-based firm is working with advisers on the sale, which is likely to draw interest from strategic buyers as well as rival sponsors, four people said. Final bids are expected in the coming month, two of them added. Cedar Gate’s technology allows users to sift tens of thousands of pieces of data, providing them with a platform that offers patient analytics, population health and payments information. Its customers serve more than 60mn insured Americans.
Read the full article: GTCR Looks to Exit Health Tech Firm as Bumper Sales Spree Continues //
Source: https://www.ft.com/content/ad03069c-6d08-46ed-9861-9ba11ebd3cb9