Private equity firm GTCR is exploring a sale of Cedar Gate Technologies and is targeting a valuation in excess of $1bn including debt, according to a report by the Financial Times, citing people familiar with the matter.
Final bids for the healthcare technology platform are expected in the coming weeks, the report said.
Based in the US, Cedar Gate Technologies provides data analytics solutions to the healthcare sector.
The potential sale comes as GTCR also reportedly seeks to exit its investment in Klick Health, a healthcare-focused digital marketing agency, according to Bloomberg News earlier this week.
