Carlyle Group has sought investment banks' advice on a potential initial public offering of its healthcare billing services platform in India, Bloomberg reported on Wednesday, citing people familiar with the matter.
The platform was created through the merger of Knack RCM and EqualizeRCM, two U.S. healthcare revenue cycle management providers Carlyle acquired in May.
Bankers are set to hold presentations this week, with the valuation and size of the proposed offering yet to be finalized, the report said, citing the sources.
Carlyle did not immediately respond to' request for comment.
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