UpHealth has signed a definitive agreement with GTCR, a private equity firm, to acquire Cloudbreak Health, a provider of tech-enabled, healthcare-focused language interpretation services, in a corporate carve-out transaction, from the company. The purchase price is $180M and the transaction is expected to close in the first quarter of 2024 following the receipt of customary regulatory and stockholder approvals and closing conditions. Headquartered in Columbus, OH, Cloudbreak is a video-focused language interpretation service provider that helps patients with limited English proficiency communicate with caregivers in healthcare settings. The company’s core offering is Martti, a HIPAA-compliant Video Remote Interpretation solution that connects patients with interpreters in over 250 languages across its network of more than 1,000 interpreters.
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