Infinx plans $300 million IPO in India, appoints three bankers
Infinx Technology Solutions has appointed Kotak Mahindra Capital, Nomura and Avendus to manage its proposed $300 million IPO, targeting FY28. Backed by KKR and Norwest Venture Partners, the healthcare IT firm provides AI-powered revenue cycle management services and has expanded through strategic investments and acquisitions, including i3 Verticals healthcare business.
Healthcare IT platform firm Infinx Technology Solutions has appointed Kotak Mahindra Capital, Nomura and Avendus to manage its proposed $300 million initial public offering (IPO) in India, according to people familiar with the development.The KKR and Norwest Venture Partners-backed provider of AI-powered healthcare revenue cycle management solutions is targeting a listing in FY28, potentially combining a fresh issue of shares with an offer for sale, the people said.Infinx joins healthcare peers ASG Hospital, Eclat Health Solutions, Knack RCM and AGS Health, which are also reportedly planning share sales.Emails sent to Infinx, Kotak Mahindra Capital and Nomura did not elicit a response until press time.Founded in 2012 by brothers Sandeep and Jaideep Tandon, Infinx provides revenue cycle management services to US healthcare providers.
