India's Inventurus Knowledge Solutions rise after unit completes TruBridge acquisition
BUZZ-India's Inventurus Knowledge Solutions rise after unit completes TruBridge acquisition ** Shares of Inventurus Knowledge Solutions INVU.NS closes up 3.3% at 1,925 rupees
** The healthcare tech provider completes acquisition of U.S.-based IT firm TruBridge TBRG.O via its unit IKS Health
** Acquisition was previously announced for up to $565 million
** Following completion, TruBridge operates as a unit of IKS Health
** Acquisition strengthens U.S. presence in healthcare technology market, adds electronic health records and rural hospital capabilities, strengthens revenue-cycle management services and creates cross-selling opportunities across a larger client base - INVU
** Adds that the deal positions it to capture a significant share of a $260 billion total addressable market
** YTD, stock up 16.3%
(Reporting by Mridula Kumar in Bengaluru)
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India's Inventurus Knowledge Solutions rises on $565 million TruBridge acquisition