1 year ago

CitiusTech Explores Acquisitions, IPO Evaluation in Healthcare Tech

CitiusTech Explores Acquisitions, IPO Evaluation in Healthcare Tech
Bain Capital-backed CitiusTech exploring acquisitions, to evaluate IPO · livemint.com

CitiusTech, a company that helps healthcare businesses with technology, is planning to grow.

They are thinking about buying other companies and might sell stock to the public through an IPO, either in the US or India.

They primarily work in the US, and are also looking to expand into Europe and Japan.

The company is targeting to buy two companies this year to help them grow.

They expect good revenue growth in the coming years.

They believe new AI tools will help them, since many of their clients are already using them.

Key facts

Company
CitiusTech
Industry
Healthcare Technology Services
Investors
Bain Capital, EQT Private Capital Asia
Revenue FY24
₹3,536 crore
Profit FY24
₹350 crore
FY26 Revenue Growth Expectation
Mid-teens

Sources

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