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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)

((Mridula.Kumar@thomsonreuters.com;))

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