Tandon says the AI-driven healthcare provider better position to accelerate growth
A KKR-managed fund has taken a minority stake in Infinx Services Private Limited, an AI-driven healthcare revenue cycle solutions provider from Mumbai with focus on the US healthcare and technology sectors.
Through this investment, KKR http://kkr.com will leverage its extensive experience in the global healthcare and technology sectors to accelerate Infinx’s growth, expand the company’s network, and support bolt-on acquisitions.
Norwest Venture Partners http://nvp.com , an existing shareholder, also participated in the transaction.
Co-founded in 2012 by Sandeep Tandon and Jaideep Tandon, Infinx https://www.infinx.com/ is a provider of innovative, data-driven revenue cycle management solutions for the healthcare sector, with a particular focus on the US market. Infinx’s Healthcare Revenue Cloud platform supports end-to-end revenue cycle business functions utilizing AI, automation, payer integration, and workforce management.
Recent reports have valued the US healthcare market at approximately US$4.3 trillion, representing over 18% of US GDP. Today, Infinx’s solutions support 172,000 healthcare professionals across 4,000 facilities including ambulatory, acute care and post-acute care providers. Infinx counts over 400 leading healthcare provider organizations as customers including hospitals, health systems and outpatient healthcare providers.
“Digital transformation will play an increasingly important role in helping companies to streamline complex processes and improve productivity,” says Akshay Tanna, Partner and Head of India Private Equity, KKR.
“Considering this tailwind, we are pleased to invest in Infinx given its comprehensive suite of flexible, tech-enabled offerings, strong management team and proven ability to serve healthcare providers.”
“With KKR’s support, network and differentiated expertise, we are even better positioned to accelerate our growth, continue our investment in innovative solutions to help improve the financial health of healthcare providers,” added Jaideep Tandon, CEO of Infinx.
“The strategic partnership with KKR will allow us to accelerate our growth through continued strategic acquisitions and to broaden our market reach to new healthcare specialties,” elaborated Sudeep Tandon, Managing Director of Infinx.
“We are excited to invest further in this financing and welcome KKR as an investor,” added Shiv Chaudhary, Managing Director of Norwest India, noting that Infinx has delivered high growth.
KKR makes its investment from its Asian Fund IV. The transaction marks KKR’s latest investment in technology services and healthcare, which includes, but is not limited to, past and current investments including Cloudera http://cloudera.com , a provider of enterprise-grade, hybrid data management software in the US; Ness Digital Engineering http://ness.com , a global full-lifecycle digital services transformation company.
Other investments include Yayoi https://www.yayoi-kk.co.jp/ , a software developer, distributor, and support service provider for small-and-medium-sized enterprises in Japan; Probe CX https://www.probecx.com/en-us/, a provider of outsourced customer experience and business process outsourcing solutions in Australia; MYOB https://www.myob.com/au , an Australian online business management company; Jio http://jio.com, a next-generation technology platform that provides digital services across India; Healthium Medtech https://healthiummedtech.com/ , a leading Indian medical devices company; Max Healthcare http://maxhealthcare.in , a private hospital network in India; and JB, a pharmaceutical company specializing in branded formulations in India https://pharmaceuticals.gov.in/ . Fiinews.com
