Credit Rating- New

Inventurus Knowledge Solutions Limited (IKS Health) has been assigned an Issuer rating of "CARE A+; Stable" by CARE Ratings Limited. This rating reflects the company's strong track record in the US healthcare outsourcing market, integrated platform, experienced management, and established client base, bolstered by the recent acquisition of Aquity Solutions. The rating also considers the significant proposed debt-funded acquisition of TruBridge Inc. for approximately $560 million, which aims to enhance its product portfolio and market reach. However, it notes constraints such as dependence on the US sector, client concentration, and potential moderation in the financial risk profile due to the debt-funded acquisition.