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GTCR to Acquire Cloudbreak Health for ~$180M

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GTCR to Acquire Cloudbreak Health for ~$180M

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  • 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

Related News:- Abbott Launches Upgraded Version of NeuroSphere myPath Digital Health App to Boost Connected Care Technology for Chronic Pain

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Shivani Chandra

Shivani was a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She was covering news related to Product approvals, clinical trial results, and updates. We can be contacted at connect@pharmashots.com.

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