Inventurus Knowledge Solutions (IKS) Q4 25/26 earnings summary

Executive summary

• Announced agreement to acquire 100% of TruBridge Inc., a US-listed RCM and EHR vendor, for an enterprise value of $557M, to be taken private.

• The acquisition aims to create a comprehensive healthcare operating system by integrating IKS's care enablement platform with TruBridge's EHR and RCM capabilities.

• The combined entity will serve over 2,000 clients and 150,000+ clinicians, with a focus on rural and community hospitals.

Financial highlights

• Proforma consolidated revenue for 2025 is projected at $698M, with adjusted EBITDA of $186M.

• TruBridge revenue expected to grow at a 6% CAGR from 2020 to 2025, reaching $221M; adjusted EBITDA at 10% CAGR to $69M.

• The deal is expected to be PAT and EPS accretive in FY27, with incremental EBITDA covering interest and amortization.

Outlook and guidance

• The acquisition is expected to accelerate revenue growth through cross-selling and bundled services, with a $575M+ cross-sell opportunity in TruBridge's client base.

• Vision for FY2030 includes scaling EBITDA to 3,000 crore and maintaining net debt similar to December 2025 levels.