Merger and Acquisition

KKR Acquires Minority Stake in Infinix Services, a Leading Healthcare Revenue Solutions Provider

• ByStartupStory     |    May 21, 2024

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

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

Jaideep Tandon, CEO of Infinix, expressed optimism about the partnership with KKR, stating, “Infinix 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 and continue our investment in innovative solutions.”

Shiv Chaudhary, Managing Director of Norwest India, highlighted the growth trajectory of Infinix, saying, “Infinix 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.”

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

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