ECLAT Health Solutions Completes Buyout from Gulf Capital

In Short

• ECLAT Health Solutions completed a management buyout from Gulf Capital on June 9, 2026.
• Ownership returns to ECLAT’s founders and management team after a five-year partnership.
• The company says revenue and EBITDA grew 10x over the period, alongside major expansion in staff and services.

What Happened

ECLAT Health Solutions has completed a management buyout (MBO), meaning the company’s leaders bought back the business from its private equity backer, Gulf Capital. The deal returns full ownership to ECLAT’s founders and management team.

ECLAT positions itself as a revenue cycle management provider, plus risk adjustment and healthcare technology. Revenue cycle management is the admin work behind getting hospitals and clinics paid, like billing, claims, and collections. Risk adjustment is a way insurers and government programmes estimate patient health risk to set payments, and it depends on accurate medical coding.

ECLAT said that since partnering with Gulf Capital in 2020, it expanded its core RCM services and added more payer-focused offerings. Payers are health insurers or organisations that pay for care.

The company also highlighted its proprietary AI and analytics platform, evaire. ECLAT says evaire supports tasks like chart retrieval and review, risk adjustment coding, confidence scoring, and payer analytics. Agentic AI is software that can take steps to complete a workflow with less human prompting, like a junior analyst following a checklist.

Operationally, ECLAT said headcount grew from about 450 to more than 4,000 employees across the US, India, and the Philippines.

Why It Matters

Management buyouts can signal a shift in strategy and time horizons. With founders back in full control, ECLAT can prioritise product investment, selective acquisitions, or longer-term client contracts without needing to align every move to a fund’s exit timeline.

The focus on AI-enabled workflows also matters for healthcare operations, where margins are tight and accuracy is critical. If platforms like evaire reduce manual steps in coding and claims work, providers and payers may see faster processing and fewer errors, and that can translate into better cash flow and compliance.