Global investment firm KKR has acquired a minority stake in Infinx, an Indian machine learning- and AI-powered healthtech firm.
While the financial details weren’t disclosed, a Moneycontrol report cited sources saying that KKR invested around US$150 million for the deal. According to a statement, the investment comes from KKR’s Asian Fund IV.
Norwest Venture Partners, already a shareholder in Infinx, also took part in this deal.
Established in 2012 by Sandeep Tandon and Jaideep Tandon, Infinx offers data-driven revenue cycle management (RCM) solutions tailored for the healthcare industry. These help healthcare providers process clearance and give pay estimates for patients, as well as check their benefits, among others.
Infinx also said it helps ensure accurate claims are submitted the first time around and maximize reimbursements for care providers.
Read more at https://www.techinasia.com/kkr-grabs-minority-stake-in-indian-ai-healthcare-firm
