GTCR-backed Experity buys Exdion Healthcare

Experity, a healthcare technology company backed by GTCR, has acquired Exdion Healthcare, PE Hub reported. The transaction adds a Plano, Texas-based provider of AI-enabled SaaS software and services focused on healthcare revenue cycle work.

PE Hub reported that Exdion Healthcare works across the patient chart-to-cash process, including medical coding, billing, compliance and revenue cycle automation. That process covers the operational path from patient documentation to the billing and collection activities that support provider revenue.

The report did not include a purchase price or other financial terms. It also did not identify financing details for the transaction.

Experity is backed by GTCR, the private equity firm. PE Hub identified Lohith Reddy as president of Exdion.

Scope of the transaction

The deal does not include Exdion Healthcare’s insurance-focused affiliate, according to PE Hub. That business will remain separate and continue to operate independently.

The exclusion defines the acquired business as the healthcare-focused software and services operation, rather than the insurance affiliate. For buyers and investors, such carve-outs can shape the commercial scope of a deal by determining which customers, products, contracts and operating units move to the acquirer.

Exdion’s healthcare business centers on revenue cycle automation, a field that uses software and services to support administrative and financial workflows for healthcare providers. PE Hub described Exdion as AI-driven and SaaS-based, indicating a software model delivered as a service rather than installed as a one-time product.

The acquisition gives Experity ownership of Exdion Healthcare’s capabilities in coding, billing, compliance and related automation, according to PE Hub. Those functions are central to how healthcare organizations convert clinical activity into submitted claims, reconciled payments and compliant records.

GTCR’s backing places the deal within the private equity market for healthcare technology assets, where sponsors have continued to pursue software and services companies tied to provider operations. PE Hub did not report any changes to Exdion’s leadership, workforce or customer arrangements.

This story draws on original reporting from PE Hub.