Print Published 10th Jan 2019, 18:53

Chime sheds highly profitable healthcare business

Chime Group Holdings, the former public company acquired for £370 million by private equity investor Providence Equity Partners in September 2015, has sold its Open Health Communications business to the US private equity fund Amulet Capital.  The deal was concluded last month.

Amulet is merging the business with the US medical communications company Peloton Advantage in which it already has an investment.  Amulet took a stake in Peloton in February 2018.