Hong Kong-based investment firm Baring Private Equity Partners Asia is nearing to purchase U.S. medical revenue cycle management company AGS Health.

The purchase price is considered at approximately $320 million.

Baring Asia noted that it pipped a rival offer from private equity firm Everstone Capital to emerge as the top bidder.

Recently, Baring Asia said that it is close to buying Indian technology company NIIT Technologies at a valuation of around $1.2 billion.