MUMBAI, India–(BUSINESS WIRE)–KKR, a number one world funding agency, and Infinx Companies Personal Restricted (Infinx or the ‘Firm’), an AI-driven healthcare income cycle options supplier, right now introduced the acquisition of a big minority stake in Infinx by a KKR-managed fund. By this funding, KKR will leverage its intensive expertise within the world healthcare and expertise sectors to speed up Infinx’s development, broaden the Firm’s community, and assist bolt-on acquisitions. Norwest Enterprise Companions, an current shareholder, additionally participated within the transaction.
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Co-founded in 2012 by Sandeep Tandon and Jaideep Tandon, Infinx is a supplier of revolutionary, data-driven income cycle administration options for the healthcare sector, with a selected concentrate on the US market. Infinx’s Healthcare Income Cloud platform helps end-to-end income cycle enterprise features using AI, automation, payer integration, and workforce administration. Current reviews have valued the US healthcare market at roughly $4.3 trillion, representing over 18% of US GDP1. Right now, Infinx’s options assist 172,000 healthcare professionals throughout 4,000 services together with ambulatory, acute care and post-acute care suppliers. Infinx counts over 400 main healthcare supplier organizations as clients together with hospitals, well being methods and outpatient healthcare suppliers. In 2023, Infinx was ranked as a prime RCM vendor by healthcare analysis companies Everest Group2 and Black E book Research3.
Akshay Tanna, Associate and Head of India Personal Fairness, KKR, stated, {Digital} transformation will play an more and more necessary position in serving to corporations to streamline advanced processes and enhance productiveness. Contemplating this tailwind, we’re happy to spend money on Infinx given its complete suite of versatile, tech-enabled choices, sturdy administration group and confirmed potential to serve healthcare suppliers. We look ahead to leveraging KKR’s business and operational experience to additional improve Infinx’s scale and capabilities, and collaborating intently with Jaideep, Sudeep and their gifted group to take Infinx to its subsequent stage of development.
Jaideep Tandon, CEO of Infinx, added, We’re thrilled to collaborate with KKR, one of the skilled buyers within the world healthcare and expertise sectors with a monitor file of supporting a number of the world’s most notable and revolutionary corporations. Infinx has been a frontrunner within the healthcare income cycle and an early adopter of automation and AI applied sciences. With KKR’s assist, community and differentiated experience, we’re even higher positioned to speed up our development, proceed our funding in revolutionary options to assist enhance the monetary well being of healthcare suppliers. Our clients have come to depend on our options to scale back administrative burden and income leakage in order that they’ll concentrate on what they do greatest “ delivering distinctive care to their sufferers and broadening the entry to healthcare.
Sudeep Tandon, Managing Director of Infinx, commented, The strategic partnership with KKR will permit us to speed up our development via continued strategic acquisitions and to broaden our market attain to new healthcare specialties. We look ahead to leveraging KKR’s deep healthcare and expertise expertise to extend our investments in AI, predictive analytics and automation.
Shiv Chaudhary, Managing Director of Norwest India, added, Infinx has delivered excessive development and constructed a powerful basis since our first funding in 2021. We’re excited to take a position additional on this financing and welcome KKR as an investor. With its differentiated providing, seasoned group and confirmed buyer success, Infinx is nicely positioned to turn into a frontrunner on this very giant market.
KKR makes its funding from its Asian Fund IV. The transaction marks KKR’s newest funding in expertise providers and healthcare, which incorporates, however is just not restricted to, previous and present investments together with Cloudera (NYSE:), a supplier of enterprise-grade, hybrid knowledge administration software program within the US; Ness {Digital} Engineering, a world full-lifecycle digital providers transformation firm; Yayoi, a software program developer, distributor, and assist service supplier for small-and-medium-sized enterprises in Japan; Probe CX, a supplier of outsourced buyer expertise and enterprise course of outsourcing options in Australia; MYOB, an Australian on-line enterprise administration firm; Jio, a next-generation expertise platform that gives digital providers throughout India; Healthium Medtech, a number one Indian medical units firm; Max Healthcare, a personal hospital community in India; and JB, a pharmaceutical firm specializing in branded formulations in India.
Extra particulars of the transaction should not disclosed.
Infinx was suggested by Rothschild & Co. as monetary advisor.
About KKR
KKR is a number one world funding agency that gives different asset administration in addition to capital markets and insurance coverage options. KKR goals to generate engaging funding returns by following a affected person and disciplined funding strategy, using world-class individuals, and supporting development in its portfolio corporations and communities. KKR sponsors funding funds that spend money on personal fairness, credit score and actual belongings and has strategic companions that handle hedge funds. KKR’s insurance coverage subsidiaries provide retirement, life and reinsurance merchandise below the administration of International Atlantic Monetary Group. References to KKR’s investments could embrace the actions of its sponsored funds and insurance coverage subsidiaries. For extra details about KKR & Co. Inc. (NYSE: NYSE:), please go to KKR’s web site at www.kkr.com. For extra details about International Atlantic Monetary Group, please go to International Atlantic Monetary Group’s web site at www.globalatlantic.com.
About Infinx
Infinx offers revolutionary and scalable AI-driven options designed to optimize the monetary lifecycle of healthcare suppliers throughout all features inside affected person entry and income cycle administration. Combining clever, cloud-based software program pushed by synthetic intelligence and automation, with assist from consultants and billing specialists, Infinx helps shoppers protect and seize extra income, enabling them to shift focus from burdensome administrative duties to affected person care. By partnering with Infinx, suppliers keep a number of steps forward of ever-changing authorities laws and payer tips in order that they concentrate on strategically rising their enterprise. Based in 2012, Infinx has a world group throughout the US, India and Philippines. For extra info, go to www.infinx.com.
1 Well being Affairs (2022): Nationwide Well being Care Spending In 2021: Decline In Federal Spending Outweighs Higher Use of Well being Care
2 Everest Group (2023): Income Cycle Administration (RCM) Trailblazers
3 Black E book Analysis (2023): Finance “ Income Cycle Administration
View supply model on businesswire.com: https://www.businesswire.com/information/house/20240520027338/en/
For KKR Asia Pacific
Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com
AdFactors (for KKR India)
Jinal Parekh
+91 9869657529
Jinal.Parekh@adfactorspr.com
For Infinx Healthcare
Erin Wabol
+1 727 599 7876
erin.wabol@infinx.com
Supply: KKR
