Target Entity
Name: Turbo Health Holdings, LLC
Type of Deal
100% Acquisition
Stake/Capacity
Percentage stake acquired: 100%
Deal Value
Total consideration: USD 500,000
Structure: Cash consideration
Funding Source
Not explicitly disclosed, but implied to be funded internally as it is a cash transaction.
Financial Impact
Not disclosed. The target is a newly incorporated entity with no historical turnover.
Timeline
Completion Date: November 10, 2026
Strategic Rationale
The acquisition represents an important opportunity to expand the organization's market reach. The complementary capabilities, expertise, and relationships will strengthen the organization's solutions and deliver greater value to healthcare organizations and clients it serves. The target is engaged in a segment of the ambulatory revenue cycle management (RCM) business.
Approval Status
Approved by the Board of Directors of Inventurus Knowledge Solutions, Inc. (IKS Inc.) on November 9, 2026. The acquisition was completed on November 10, 2026.
Reference Regulation
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30 and Part A of Schedule III. Also references SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.
Additional Details
- The acquisition is not a related party transaction. The Promoter/Promoter Group of the Company has no interest in the acquired entity.
- The target is a newly incorporated entity (incorporated on November 5, 2026) where certain client contracts have been transferred from Optum Insight.
- The target operates in the United States of America.
- No governmental or regulatory approvals were required for the acquisition.