Global PE fund KKR has announced its acquisition of a significant minority stake in Infinx Services, the leading healthcare revenue cycle solutions provider. 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, stated a company release.
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 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.
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 organizations as customers including hospitals, health systems and outpatient healthcare providers, it added.
Recent reports have valued the US healthcare market at approximately $4.3 trillion, representing over 18% of US GDP.
Infinx was advised by Rothschild & Co. as financial advisor.
“Digital transformation will play an increasingly important role in helping companies to streamline complex processes and improve productivity. 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,” said Akshay Tanna, Partner and Head of India Private Equity, KKR.
“We are thrilled to collaborate with KKR, one of the most experienced investors in the global healthcare and technology sectors with a track record of supporting some of the world’s most notable and innovative companies,” said Jaideep Tandon, CEO of Infinx.
With KKR’s support, network and differentiated expertise, we are even better positioned to accelerate our growth, continue our investment in innovative solutions to help improve the financial health of healthcare providers, he added.
“Infinx has delivered high growth and built a strong foundation since our first investment in 2021. We are excited to invest further in this financing and welcome KKR as an investor. With its differentiated offering, seasoned team and proven customer success, Infinx is well positioned to become a leader in this very large market,” said Shiv Chaudhary, Managing Director of Norwest India.
KKR makes its investment from its Asian Fund IV.
Earlier, KKR invested in Cloudera, a provider of enterprise-grade, hybrid data management software in the US; Ness Digital Engineering, a global full-lifecycle digital services transformation company; Yayoi, a software developer, distributor, and support service provider for small-and-medium-sized enterprises in Japan; Probe CX, a provider of outsourced customer experience and business process outsourcing solutions in Australia; and MYOB, an Australian online business management company.
