HGM Ltd announces acquisition of Aidéo Technologies LLC, a leader in Autonomous Coding to Strengthen AI-Powered Healthcare Services Platform

HGM Limited, a global technology-driven enterprise focused on building category-leading AI-driven healthcare services, today announced its wholly owned US subsidiary Healthcare Capital Holdings LLC (HCH) has entered into a definitive agreement to acquire Aidéo Technologies LLC, a U.S.-based leader in AI-powered Autonomous coding solutions. This acquisition expands HGM's healthcare platform capabilities in revenue cycle management (RCM), medical coding and healthcare analytics, furthering its mission to deliver scalable, AI-led automation for measurable efficiencies and outcomes.

Dr. Bhargav Thakkar, EVP Healthcare of HGM Limited, said: "Acquiring Aidéo Technologies is a major step towards our goal of building a comprehensive AI-driven healthcare services platform. Aidéo's Autonomous Coding Platform, built on advanced AI, natural language processing, real-time analytics, and Large Language Models (LLM), delivers accuracy that surpasses manual and traditional CAC tools. Its HL7 interoperability ensures seamless communication with industry standard EHR systems, supporting surgical specialties, emergency departments, anesthesia, radiology, and RCM companies across the U.S. This technology complements our existing capabilities, allowing us to scale rapidly, improve compliance, and deliver greater value to providers, payers, and patients. The acquisition reflects our strategy to integrate AI-led automation into critical healthcare workflows, meeting the growing demand for efficiency and innovation in the healthcare ecosystem."

Transaction Details Under the terms of the agreement, HGM Limited through its WOS will acquire 100% of Aidéo Technologies LLC through an equity transaction. The acquisition is expected to close in August, subject to customary closing conditions.

The acquisition will be done by way of issue of HCH Class B Preferred Stock for total consideration not exceeding Rs. 14.08 Crores.

Shares of HGM Limited was last trading in BSE at Rs. 62.38 as compared to the previous close of Rs. 59.41. The total number of shares traded during the day was 5884 in over 22 trades.

The stock hit an intraday high of Rs. 62.38 and intraday low of 62.37. The net turnover during the day was Rs. 367042.00.

Source : Equity Bulls

Keywords

HGM INE596H01014 HealthcareCapitalHoldingsLLC Acquisition AideoTechnologiesLLC AIPowered AutonomousCodingSolutions