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Investment firm KKR Invests $150 Million in Infinx to Boost AI-Driven Healthcare Solutions

KKR Acquires Significant Stake in Infinx, Eyes Healthium Medtech Next

22 May 2024

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Neelesh Bachani

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1.      KKR has acquired a significant minority stake in Infinx Services Private Limited for approximately $150 million, marking a strategic move to expand its presence in the Indian healthcare sector. This investment was made through KKR’s Asian Fund IV, with participation from Norwest Venture Partners, enhancing Infinx's growth and market reach.

 

2.      Infinx, co-founded in 2012 by Sandeep Tandon and Jaideep Tandon, offers data-driven revenue cycle management solutions via its Healthcare Revenue Cloud platform. This platform supports 172,000 healthcare professionals across 4,000 facilities, optimizing financial operations through AI, automation, payer integration, and workforce management.

 

3.      KKR plans to utilize its extensive experience in global healthcare and technology to accelerate Infinx's growth, expand its network, and support bolt-on acquisitions. Additionally, KKR is a front-runner to acquire Healthium Medtech, a medical devices firm, in a deal valued between $750 million and $850 million, aligning with its strategy to enhance healthcare services and solution

KKR has acquired a significant minority stake in Infinx Services Private Limited, an AI-driven healthcare revenue cycle solutions provider, as announced on May 21. This move marks KKR’s expansion in the Indian health segment. While KKR did not disclose the financial details, experts said that the investment amounts to around $150 million. Akshay Tanna, Partner and Head of India Private Equity at KKR expressed satisfaction with the investment, highlighting Infinx's comprehensive, tech-enabled offerings, strong management team, and proven track record in serving healthcare providers. The investment was made through KKR’s Asian Fund IV.

 

KKR plans to leverage its extensive experience in the global healthcare and technology sectors to accelerate Infinx’s growth. This includes expanding the company’s network and supporting bolt-on acquisitions, as noted in a statement from the fund. Norwest Venture Partners, an existing shareholder, also participated in the transaction. The strategic partnership aims to enhance Infinx's capabilities and market reach.

 

Infinx was co-founded in 2012 by Sandeep Tandon and Jaideep Tandon. The company specializes in data-driven revenue cycle management solutions for the healthcare sector, particularly targeting the US market. Its Healthcare Revenue Cloud platform is designed to support end-to-end revenue cycle business functions using AI, automation, payer integration, and workforce management. This platform is instrumental in optimizing the financial operations of healthcare providers.

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Currently, Infinx’s solutions support 172,000 healthcare professionals across 4,000 facilities, including ambulatory, acute care, and post-acute care providers. The company’s client base comprises over 400 leading healthcare provider organizations, such as hospitals, health systems, and outpatient healthcare providers. These solutions are critical in ensuring the financial health and operational efficiency of these organizations.


Infinx CEO Jaideep Tandon expressed optimism about the partnership with KKR, emphasizing that KKR’s support, network, and expertise will significantly accelerate Infinx’s growth. Tandon highlighted the continued investment in innovative solutions aimed at improving the financial health of healthcare providers. The financial advisory for Infinx in this transaction was provided by Rothschild & Co.

 

Furthermore, industry experts have noted that KKR is also a leading contender to acquire Healthium Medtech, a medical devices firm promoted by Apax Partners, in a deal valued between $750 million and $850 million. This potential acquisition aligns with KKR’s strategy to deepen its footprint in the healthcare sector, reinforcing its commitment to enhancing healthcare services and solutions.

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