General Atlantic invests in healthcare tech firm CitiusTech

CitiusTech, a healthcare technology services firm, has received funding from US-based equity firm General Atlantic.
"CitiusTech has received a significant investment from global growth equity firm General Atlantic LLC," the company said but declined to comment on further details of the deal.
Founded in 2005, CitiusTech has over 50 global healthcare organizations as partners and provides healthcare domain expertise and technology offerings to its clients.
With over 1,400 professionals, it offers product engineering and professional services for building and implementing enterprise clinical applications worldwide.
"CitiusTech's platforms help healthcare organisations and health care technology providers accelerate innovation and drive improvements in the cost and quality of care. We are proud to partner with CitiusTech and to support its growth," General Atlantic CEO Bill Ford said in a statement.

CitiusTech reported 51 per cent growth in revenues in 2013. It has offices across the US, Canada, India, Singapore and the UK.
"The partnership with GA enables CitiusTech to leverage General Atlantic's global presence and its expertise in the technology and healthcare marketplaces. We are excited to partner with GA and look forward to working closely to scale our business worldwide," CitiusTech CEO Rizwan Koita said.
GA's recent investments include that in CareCore, a US-based healthcare firm; AND Designs, an India based fashion retailer; and Santander Asset Management, a global financial services firm.