K&L Gates Straits Law LLC, the Singapore office of global law firm K&L Gates, has advised Bengaluru- and US-based revenue recycle management (RCM) services provider Vee Healthtek (formerly a division of Vee Technologies) on the strategic growth investment from US private equity fund TA Associates. Vee Healthtek offers RCM services to hospitals, health systems, and pharmaceutical companies globally.

This partnership will enable Vee Healthtek to enhance its technological capabilities, expand its service offerings, and accelerate its continued growth and expansion. The transaction is the first acquisition by TA Associates in the RCM vertical in India, and its second control deal in India.  

The deal team was led by Singapore Corporate partners David Kuo and Meraj Noor, with support from senior associates Ying Chern Tan, Su Yun Kiew, and associate Esther Neo and Indian co-counsel Shardul Amarchand Mangaldas. Avendus Capital served as the financial advisor to Vee Healthtek.

“It’s been a pleasure working with the K&L Gates Singapore team. They have been incredibly proactive and supported us at every step,” said Chocko Valliappa, CEO and Managing Director of Vee Technologies and Chairman of Vee Healthtek.

K&L Gates’ Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices on five continents providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.