KKR, a leading global investment firm, and Infinx Services, an artificial intelligence (AI)-driven healthcare revenue cycle solutions provider, have announced the acquisition of a significant minority stake in Infinx by a KKR-managed fund.
Through this investment, KKR 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, an existing shareholder, also participated in the transaction.
Co-founded in 2012 by Sandeep Tandon and Jaideep Tandon, Infinx 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 utilising AI, automation, payer integration, and workforce management. Recent reports have valued the US healthcare market at approximately $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 organisations as customers including hospitals, health systems and outpatient healthcare providers.
Sudeep Tandon, Managing Director of Infinx, commented, “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.”
Read more at: https://www.biospectrumindia.com/news/100/24644/kkr-invests-in-mumbai-based-healthcare-revenue-solutions-provider-infinx.html
