Leading global investment firm, KKR, has taken a significant minority stake in Infinx Services, an AI-driven healthcare revenue cycle solutions provider. Norwest Venture Partners, an existing shareholder, also participated in the transaction.
Terms of the transaction are not disclosed.
The deal will see KKR leverage its experience in the global healthcare and technology sectors to accelerate Infinx’s growth, expand the company’s network, and support bolt-on acquisitions.
Co-founded in 2012 by Sandeep Tandon and Jaideep Tandon, Infinx is a provider of 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.
The firm’s solutions support 172,000 healthcare professionals across 4,000 facilities including ambulatory, acute care and post-acute care providers. It 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,” said 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.”
KKR makes its investment from its Asian Fund IV. The transaction marks KKR’s latest investment in technology services and healthcare.
Infinx was advised by Rothschild & Co as financial advisor.
