MUMBAI, April 23 -- Jhunjhunwala family-backed Inventurus Knowledge Solutions (IKS Health) on Thursday announced the acquisition of US-based TruBridge Inc, a Nasdaq-listed provider of healthcare technology solutions for rural and community hospitals, for up to $565 million. The deal allows IKS Health to expand its market presence in the US and diversify its offerings.

The deal, through IKS Health's US subsidiary, will be funded by a loan of up to $670 million secured for a five-year term from Citibank, Deutsche Bank and JPMorgan Chase, the company said in a regulatory filing.

Under the terms of the agreement, TruBridge shareholders will receive $26.25 in cash for each share of common stock. The acquisition has been approved by the board...