Baring Private Equity Asia has signed a definitive agreement to acquire healthcare analytics company CitiusTech from its current PE backer and serial technology entrepreneurs Rizwan Koita and his fellow Indian Institute of Technology alumnus Jagdish Moorjani in a deal valuing the company at a little over $1 billion. Baring will end up owning about 80% of CitiusTech through a combination of primary and secondary sales, but the founders and the management team will continue to run the business.