Teleo Capital Management has purchased CHCS Services from Capgemini America.

CHCS specializes in health care services for senior markets and focuses on long-term care and Medicare Supplement plans. The firm is a technology-enabled third-party administrator (TPA) for the senior health and eldercare markets. Teleo Capital is a private equity firm that targets opportunities in the technology and software, healthcare IT, business services, and industrial sectors.

“We have put in place a highly experienced senior leadership team and are investing in a true digital transformation that harnesses the power of data science and development of a rich data lake to improve outcomes for carriers and their policyholders,” said Paul Gille, operating partner at TELEO Capital and CEO of CHCS. “CHCS is changing the dynamics of engagement with customers through a combination of people and technology. Self-service, high tech, high touch, and specialized services are at the forefront of this transformation.”