KKR in talks to buy into healthcare BPO company Infinx
KKR is looking to acquire a minority stake in the Tandon Group-owned healthcare BPO Infinx Healthcare. The global private equity major is likely to invest about $150 million, or Rs 1,250 crore, to acquire about 26% stake in Infinx, two people aware of the development told ET.
«We expect this sector (healthcare BPO) to continue growing in India, driven by global demand, and believe that Infinx is well placed to meet this gap through its tech-enabled solutions,» Akshay Tanna, partner and head of India private equity at KKR, told ET.
«We will draw on our local knowledge and healthcare expertise to support Infinx's growth and build a healthcare platform, including through organic and inorganic growth strategies.»
He refused to disclose further details, but said India is one of the world's top providers of healthcare RCM solutions, given the depth of local talent and range of quality solutions. KKR is looking to build Infinx into a platform by doing bolt-on acquisitions — or, acquisition of smaller companies in the same line of business — over time and grow it, said one of the people cited above. Based in San Jose, Infinx Healthcare works with medical billing companies, radiology groups, physician practices and long-term care pharmacies, providing complete revenue cycle management (RCM) solutions.
RCM refers to the process of identifying, collecting, and managing incoming payments.
Launched in 2012 as Tandon Information Solutions, Infinx is also into medical transcription, eligibility and benefit verification,
