KKR, a leading global investment firm, and Infinx Services
Private Limited (“Infinx” or the 'Company'), an AI-driven
healthcare revenue cycle solutions provider, today 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.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240520027338/en/
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 utilizing 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 GDP1. 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. In 2023, Infinx was ranked as a
top RCM vendor by healthcare research firms Everest Group2 and
Black Book Research3.
Akshay Tanna, Partner and Head of India Private Equity,
KKR, said, “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. We look forward to leveraging KKR’s
industry and operational expertise to further enhance Infinx’s
scale and capabilities, and collaborating closely with Jaideep,
Sudeep and their talented team to take Infinx to its next stage of
growth.”
Jaideep Tandon, CEO of Infinx, added, “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. Infinx has been 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, continue our investment in
innovative solutions to help improve the financial health of
healthcare providers. Our customers have come to rely on our
solutions to reduce administrative burden and revenue leakage so
that they can focus on what they do best – delivering exceptional
care to their patients and broadening the access to
healthcare.”
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. We look forward to
leveraging KKR’s deep healthcare and technology experience to
increase our investments in AI, predictive analytics and
automation.”
Shiv Chaudhary, Managing Director of Norwest India,
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.”
KKR makes its investment from its Asian Fund IV. The transaction
marks KKR’s latest investment in technology services and
healthcare, which includes, but is not limited to, past and current
investments including 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; MYOB, an
Australian online business management company; Jio, a
next-generation technology platform that provides digital services
across India; Healthium Medtech, a leading Indian medical devices
company; Max Healthcare, a private hospital network in India; and
JB, a pharmaceutical company specializing in branded formulations
in India.
Additional details of the transaction are not disclosed.
Infinx was advised by Rothschild & Co. as financial
advisor.
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR’s
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com.
For additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group’s website at
www.globalatlantic.com.
About Infinx
Infinx provides innovative and scalable AI-driven solutions
designed to optimize the financial lifecycle of healthcare
providers across all functions within patient access and revenue
cycle management. Combining intelligent, cloud-based software
driven by artificial intelligence and automation, with support from
consultants and billing specialists, Infinx helps clients preserve
and capture more revenue, enabling them to shift focus from
burdensome administrative tasks to patient care. By partnering with
Infinx, providers stay a few steps ahead of ever-changing
government regulations and payer guidelines so that they focus on
strategically growing their business. Founded in 2012, Infinx has a
global team across the US, India and Philippines. For more
information, visit www.infinx.com.
1 Health Affairs (2022): National Health Care Spending In 2021:
Decline In Federal Spending Outweighs Greater Use of Health Care 2
Everest Group (2023): Revenue Cycle Management (RCM) Trailblazers 3
Black Book Research (2023): Finance – Revenue Cycle Management
View source
version on businesswire.com: https://www.businesswire.com/news/home/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
KKR (NYSE:KKR)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
KKR (NYSE:KKR)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024