KKR and Infinx Services, an AI-powered healthcare revenue cycle solutions provider, have signed a definitive agreement through which a fund managed by KKR has acquired a significant minority stake in Infinx.
As part of the latest move, KKR will utilise its experience in the global healthcare technology industry to expedite the expansion of Infinx’s network and support future bolt-on acquisitions.
While financial details and other terms and conditions of the transaction were not disclosed, it was noted that Norwest Venture Partners, an existing shareholder, also took part in the latest deal.
Infinx, which provides data-driven revenue cycle management solutions, was co-founded in 2012 by managing director Sandeep Tandon and CEO Jaideep Tandon.
The company said its cloud-based software platform, which is driven by AI and automation, integrates support from billing specialists and consultants, allowing its clients to capture increased revenue.
This integration also enables healthcare providers to focus on patient care rather than administrative tasks.
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By GlobalDataIn addition, healthcare providers can utilise Infinx’s solutions to navigate the complexities of government regulations and payer guidelines to achieve business growth.
Sudeep Tandon said: “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 specialities.
“We look forward to leveraging KKR’s deep healthcare and technology experience to increase our investments in AI, predictive analytics and automation.”
With more than 400 healthcare provider organisations as customers, Infinx’s partnership with KKR is poised to further strengthen its market position and enhance its service offerings.
KKR India Private Equity partner and head Akshay Tanna added: “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.”
In February 2023, Cotiviti entered a definitive agreement for its recapitalisation with affiliates of Veritas Capital and investment funds managed by KKR.