KKR acquires minority stake in Infinix Services, a leading provider of healthcare revenue solutions

Mergers and acquisitions

Global investment giant KKR has acquired a significant minority stake in Infinix Services, a Mumbai-based healthcare cycle management provider, through its Asian Fund IV. Norwest Venture Partners also participated in the investment round. The financial terms of the transaction were not disclosed.

Founded in 2012 by Sandeep Tandon and Jaideep Tandon, Infinix Services has established itself as a leader in the healthcare revenue cycle, particularly in the US market. The company uses data-driven, AI-driven systems to improve revenue cycle management for healthcare providers. Its cloud platform supports end-to-end business functions including automation, payer integration and workforce management. Currently, the Infinix platform supports 172,000 healthcare professionals in 400 healthcare provider organizations, including hospitals, health systems and ambulatory providers.

Jaideep Tandon, CEO of Infinix, expressed optimism about the partnership with KKR, saying, “Infinix is ​​a leader in the healthcare revenue cycle and an early adopter of automation and AI technologies. With KKR’s support, network and differentiated expertise, we are even better positioned to accelerate our growth and continue to invest in innovative solutions.”

Highlighting Infinix’s growth trajectory, Shiv Chaudhary, Managing Director, Norwest India said, «Infinix has achieved high growth and built a strong foundation since our first investment in 2021. We are excited to further invest in this funding and welcome KKR as an investor.»

Rothschild & Co acted as financial advisor to Infinix for this transaction. This investment by KKR follows the recent acquisition of a controlling stake in the Healthium Group from an affiliate of Apax Partners LLP. The Healthium transaction, which is expected to close during the third quarter of 2024, underscores KKR’s strategic focus on the healthcare sector. Apax Partners acquired Healthium in 2018 and subsequently restructured its management, appointing Anish Bafna as CEO and Vishal Maheshwari as CFO.

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