MediGainHealth eyes plans to expand operations in India

Company recently obtained $38 million from Prudential Capital Group

MediGainHealth Private Ltd, which provides revenue cycle management (RCM) solutions and analytics for the healthcare industry, said that it plans to expand its Indian operations five-fold with the recently obtained $38 million in-growth capital from Prudential Capital Group (Prudential).

Deloitte Corporate Finance LLC (DCF) acted as a financial advisor to MediGain and helped facilitate the transaction. MediGainHealth Private Ltd is the Indian counterpart of MediGain LLC.

"The $38 million in-growth capital obtained by MediGain will have a very positive effect on our operations in Chennai, India," said Dinesh Butani, Chairman of MediGain, LLC in a statement adding that company's presence in India will enhance from the current level of 300 employees to over 1500 employees to support new business growth.

MediGain started its Indian operations with a 20-member team in Chennai in the year 2012 and has now grown multifold and the team has expanded to around 300 members today.

MediGain provides Revenue Cycle Management services and operates on the top eight practice management systems in Healthcare, while MediGain competitors are hindered by only being able to provide services on a single platform.