Argus Partners has advised Infinx group and its promoters with respect to the primary equity investment by Kohlberg Kravis Roberts (“KKR”). Pursuant to this transaction, a KKR managed fund will acquire a significant minority stake in Infinx, and Norwest Venture Partners, an existing investor, will make a further investment in Infinx.
Infinx is an AI-driven healthcare revenue cycle solutions provider. It provides 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. 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.
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.
Commenting on the investment, Infinx CEO Jaideep Tandon said, “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,”.
Further, Sudeep Tandon, Managing Director of Infinx, 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”.
The deal team at Argus Partners consisted of Abhinav Bhalaik, Armaan Patkar and Vallishree Chandra (Partners), Mayank Jhunjhunwala (Principal Associate), Ishita Agarwal, Himani Shah (Senior Associates) and Ayushi Khetan, Kanishk Gambhir and Samridhi Kapoor (Associates).