Enclosed is Press Release issued by CARE Ratings Limited in relation to Rating assigned to the Company.
Inventurus Knowledge Solutions Ltd · 544309
CARE Ratings has assigned an 'CARE A+; Stable' issuer rating to Inventurus Knowledge Solutions Limited (IKS Health). The rating reflects IKS Health's established position in the US healthcare outsourcing market, integrated platform, experienced management, and a robust client base with high repeat business. It considers the positive impact of the Aquity Solutions acquisition and the proposed debt-funded acquisition of TruBridge Inc., expected to expand its service portfolio and market reach. However, the rating is constrained by dependence on the US healthcare sector, moderate client concentration, and an anticipated moderation in the financial risk profile due to the debt for the TruBridge acquisition, with successful integration being critical.
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