Private equity firm Gulf Capital on Wednesday announced its exit from Hyderabad-based healthcare services company ECLAT Health Solutions through a management buyout.
The transaction was executed in partnership with ECLAT’s founders, Karthik Polsani and Sneha Polsani, along with the company’s management team, who have acquired Gulf Capital’s stake as part of the buyout.
“The transaction returns full ownership of ECLAT to its founders and management team and reflects a highly successful outcome for all stakeholders,” the firm said in a statement.
Further details of the deal were not disclosed.
During the partnership, ECLAT expanded from a provider-focused revenue cycle services firm into a diversified healthcare services platform serving both providers and payors across the United States. During Gulf Capital’s ownership, ECLAT reported a more than tenfold increase in profitability over five years, translating to an EBITDA compound annual growth rate of 75%.
“Together with ECLAT’s leadership team, we scaled ECLAT into a diversified and technology-enabled RCM and risk adjustment business serving clients across the U.S., making it one of the standout successes of our Fund III portfolio. This investment highlights Gulf Capital’s proven control growth buyout model, where we acquire majority stakes in leading businesses and accelerate their growth and profitability before executing successful exits,” said Mohammad Madani, Managing Director at Gulf Capital.
Gulf Capital is an operationally focused private equity firm with over 20 years of investment experience from the GCC to the rest of Asia. The firm has deployed over $3 billion in alternative investments across seven funds and investment vehicles since inception, and closed 44 investments since 2006.
“This partnership [with Gulf Capital] helped transform ECLAT into a stronger, more resilient organisation with a clear platform for long-term growth,” said Karthik Polsani, Founder and Group CEO of ECLAT Health Solutions.
