KKR invests $150M in AI-powered healthcare revenue solutions provider Infinx

KKR, a global investment firm, has acquired a significant minority stake in Infinx Services Private Limited, a company specializing in AI-driven healthcare revenue cycle solutions.

While KKR did not disclose the exact financial details, media reports indicate the investment is around $150 million.

The transaction marks a strategic move by KKR to expand its presence in the Indian healthcare sector.

The investment was made through KKR's Asian Fund IV, demonstrating the firm's commitment to leveraging its extensive experience in the global healthcare and technology sectors to foster growth in Infinx.

How will KKR's investment impact Infinx's Growth?

KKR plans to use its expertise and network to accelerate Infinx's growth. The firm aims to expand Infinx's network and support bolt-on acquisitions.

Akshay Tanna, Partner and Head of India Private Equity at KKR said, "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."

The collaboration is expected to enhance Infinx’s scale and capabilities, allowing the company to continue its innovation in revenue cycle management solutions.

What does Infinx Services do?

Founded in 2012 by Sandeep Tandon and Jaideep Tandon, Infinx provides data-driven revenue cycle management solutions for the healthcare sector, with a primary focus on the US market.

Infinx’s Healthcare Revenue Cloud platform supports end-to-end revenue cycle business functions through AI, automation, payer integration, and workforce management.

The platform aids 172,000 healthcare professionals across 4,000 facilities, including ambulatory, acute care, and post-acute care providers.

The company claims to have a customer base of over 400 leading healthcare provider organizations, encompassing hospitals, health systems, and outpatient healthcare providers.

Who are the other investors?

Norwest Venture Partners, an existing shareholder in Infinx, also participated in the transaction. Infinx was advised by Rothschild & Co, which served as the company's financial adviser.

The collaboration will enhance Infinx's ability to invest in innovative solutions that improve healthcare providers' financial health. 

CEO Jaideep Tandon highlighted the importance of KKR's support, noting, "With KKR’s support, network and differentiated expertise, we are even better positioned to accelerate our growth."