Anindita Nayak
Bhubaneswar, May 21
Global private equity firm, KKR said it has acquired a “significant minority stake” in Infinx Services, an AI-driven healthcare revenue cycle solutions provider. This move marks KKR’s heightened focus on expanding its presence in the Indian healthcare sector. KKR invested around $150 million to acquire a minority stake in Infinx.
“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,” said Akshay Tanna, Partner and Head of India Private Equity, KKR.
KKR used funds from its Asian Fund IV for the investment. The fund stated that it would use its vast experience in healthcare and technology worldwide to speed up Infinx’s growth, broaden its connections, and help with additional acquisitions. Norwest Venture Partners, an existing shareholder, also participated in this transaction.
Founded in 2012 by Sandeep Tandon and Jaideep Tandon, Infinx offers data-driven solutions for managing revenue cycles in healthcare, mainly targeting the US market.
Infinx’s Healthcare Revenue Cloud platform helps manage various revenue cycle tasks using AI, automation, integration with payers, and workforce management. Their solutions are used by 172,000 healthcare professionals in 4,000 facilities, including ambulatory, acute care, and post-acute care providers. It serves over 400 top healthcare providers including hospitals, health systems, and outpatient healthcare providers.
“With KKR’s support, network and differentiated expertise, we are even better positioned to accelerate our growth, and continue our investment in innovative solutions to help improve the financial health of healthcare providers,” said Infinx CEO Jaideep Tandon.
KKR is currently leading the race to acquire Healthium Medtech, formerly known as Sutures India Pvt Ltd, which is backed by Apax Partners. The potential deal is expected to value the medical devices company at around $750-$850 million.
