Global investment firm KKR has acquired, via its Asian Fund IV, a significant minority stake in Mumbai-headquartered Infinx Services, an artificial intelligence (AI)-driven healthcare revenue cycle solutions provider with a particular focus on the US market.

Through this investment, KKR will leverage its extensive experience in the global healthcare and technology sectors to accelerate Infinx’s growth, expand its network and support bolt-on acquisitions. Norwest Venture Partners, an existing shareholder, also participated in the transaction.

Infinx’s Healthcare Revenue Cloud platform supports end-to-end revenue cycle business functions using AI, automation, payer integration and workforce management. The US healthcare market, according to a Health Affairs 2022 report, is valued at approximately US$4.3 trillion, representing over 18% of US GDP.

The company’s solutions support 172,000 healthcare professionals across 4,000 facilities, including ambulatory, acute care and post-acute care providers. It counts over 400 leading healthcare provider organizations as customers, including hospitals, health systems and outpatient healthcare providers.

“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,” adds Sudeep Tandon, the company’s managing director: “We look forward to leveraging KKR’s deep healthcare and technology experience to increase our investments in AI, predictive analytics and automation.”