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IKS Inventurus Knowledge Solutions News Story

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India's Inventurus Knowledge Solutions rises on $565 million TruBridge acquisition

** Shares of India's Inventurus Knowledge Solutions INVU.NS jump as much as 9.04%, last up 2.11% at 1465.60 rupees

** Tech solutions co agreed to acquire US-based healthcare IT firm TruBridge TBRG.O for upto $565 million

** Co says deal expands its presence into U.S. rural and community hospitals beyond its traditional ambulatory-care focus

** Brokerage ICICI Direct says deal strengthens IKS' medical records software and billing workflow capabilities, supporting recurring revenue growth and margin expansion

** INVU rated "strongbuy" on average by eighth analysts, median PT at 1773.50 rupees --LSEG data

** YTD, stock down 13.42%

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))

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