Warburg Pincus to invest in Everise, partner with Brookfield

The completion of this transaction is dependent upon receiving standard regulatory approvals, Everise said, and is anticipated to be finalized by the end of 2023. (Representative Image)

Everise, a prominent global healthcare services outsourcing firm, made an announcement on October 3 regarding an agreement with Warburg Pincus, a renowned global growth investor, to secure an investment in the company.

Everise said Warburg Pincus joins existing investor Brookfield and both investors are committed to accelerating the company's growth through initiatives such as business expansion and mergers and acquisitions.

The healthcare services outsourcing company said Everstone Group, as part of the deal, will sell its ownership in Everise.

The completion of this transaction is dependent upon receiving standard regulatory approvals, Everise said, and is anticipated to be finalized by the end of 2023.

Saurabh Agarwal, Managing Director of Warburg Pincus, expressed his satisfaction with the partnership with Brookfield and their shared vision of advancing Everise to become a next-generation global leader in the healthcare customer experience sector.

Saurabh Agarwal, Managing Director of Warburg Pincus, said, “Everise extends a vast array of top-tier services to its clients, including some of the world’s largest healthcare organizations. We are excited about backing Everise’s exceptionally experienced leadership team that has a proven track record of driving scale and profitability. With our deep network and resources across Asia and the US, we are well-positioned to help Everise gain further momentum as a leader in the industry.”

Viraj Sawhney, Managing Director of Warburg Pincus, emphasized that Warburg Pincus has been actively investing in the global outsourced technology-enabled services sector. He highlighted Everise as an appealing platform to provide such services to the global healthcare payer and provider ecosystem.

"We have continued to see strong underlying demand for quality customer experience, driven by an increasing outsourcing trend across the global healthcare industry. We are excited about the growth prospect of the company and look forward to leveraging our global presence and extensive experience in both healthcare and outsourced services to help the management team accelerate growth, innovate, and drive more value for its customers,” Sawhney added.

Sudhir Agarwal, Founder and CEO of Everise, expressed confidence in the collaboration between Warburg Pincus and Brookfield, stating that it will propel Everise's growth to new heights.

“I and the management team are confident that the partnership between Warburg Pincus and Brookfield will take Everise’s growth to the next level. Warburg Pincus’ deep domain expertise across diverse industries and next-generation technologies, coupled with the institutional knowledge of our trusted partner Brookfield, will contribute substantively to Everise’s next phase of growth in offering strategic customer solutions. I would also like to thank Everstone Group for being a strong and supportive partner to Everise from its inception,” Agarwal also said.

Aditya Joshi, Managing Partner at Brookfield, said, “Since our investment in Everise in 2020, the company has delivered strong organic growth following investments in technology and operations and has become a strategic partner for its customers around the world. We look forward to partnering with Warburg Pincus and the Company’s management team for the next stage of the journey.”