GTCR to Acquire Cloudbreak Health for ~$180M
Shots:
- GTCR has signed a definitive agreement to acquire Cloudbreak Health for an aggregate of ~$180M. The transaction is expected to close by Q1’24
- The transaction led by the acquisition is expected to strengthen Cloudbreak’s position as an interpretive telehealth service provider as GTCR plans to make substantial investments to enhance Cloudbreak’s market strategy, operational efficiencies & in Cloudbreak’s tech-enabled offerings
- Cloudbreak Health provides video-focused language interpretation services, like Martti, that help patients with limited English proficiency to communicate with caregivers in healthcare settings
Ref: PR Newswire | Image: Cloudbreak Health
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Shivani is a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She covers news related to Product approvals, clinical trial results, and updates. She can be contacted at connect@pharmashots.com.
