Healthtech platform IKS Well being, backed by prime investor Rakesh Jhunjhunwala’s Uncommon Enterprises, has acquired AQuity Options, a technology-based medical documentation and income integrity options firm, for $200 million (about ₹1,600 crore).
IKS (Inventurus Data Options) Well being plans to boost ₹1,000 crore from three main banks, together with JP Morgan, CITI and HSBC, to fund the acquisition and pump the remaining from inside reserves.
Addition of assets
The corporate expects to rent an extra 50,000 folks over the subsequent three years. The addition of workers exceeds the present workforce power of 14,000. IKS Well being and AQuity have a mixed turnover of roughly ₹2,700 crore.
Sachin Okay Gupta, founder and CEO of IKS Well being, mentioned delivering higher, safer care is everybody’s prime precedence, however too usually the healthcare “chores” get in the best way of that core purpose.
To assist flip the tide on this disaster scenario, he mentioned the corporate firmly believes that revitalizing the doctor-patient relationship and serving to companions thrive financially are each basic.
Wealthy knowledge units from US-based AQuity permit IKS to rapidly mature and scale its proprietary AI options with important experience and steerage from Strengthened Studying By means of Human Suggestions. IKS’s cloud-based, HIPAA (US Well being Insurance coverage Portability and Accountability Act) compliant platform integrates with all EHR (Digital Well being Document) and Enterprise Observe Administration programs.
Over the previous 17 years, IKS has developed pragmatic expertise and repair options in collaboration with its supply companions. AQuity can also be a fast-growing firm with a 40-year monitor file of bringing significant options that empower physicians and assist healthcare firms succeed. Collectively, the mixed entity will assist suppliers notice monetary worth via income development, value financial savings and enhancements in backside line outcomes.
Kashyap Joshi, CEO of Aquity, mentioned the mixed capabilities of each firms will ship significant, pragmatic and confirmed options throughout the care continuum in order that sufferers have a greater expertise and hospitals can thrive.