The focus areas include hospitals, ambulatory, long term acute care, ACOs and others.
By Raghavendra M
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HCL Founder Shiv Nadar and tech industry expert Sanjay Kalra have jointly launched an investment firm that will focus on technology investments in the United States and in India.
The investment firm named as Shiv Nadar & Sanjay Kalra Associates LLP (SNSK) will invest up to $500 million to acquire healthcare technology firms, according to a statement.
“SNSK will invest up to $500 million to buy out IT product and platform companies across providers, payers, pharma and life sciences that are either disrupting or being disrupted by the confluence of regulatory changes, evolving consumer attitudes, changing demographics and emerging technologies,” the statement said.
The firm will also invest in select early stage U.S. and Indian companies, “where product, platform or talent will accelerate portfolio objectives”.
The focus areas include hospitals, ambulatory, long term acute care, physician practice, information exchanges, ACOs, self-funded and commercial insurers as well as insurance exchanges.
Shiv Nadar said, “Over the next five years, SNSK aspires to be an engine of accelerating digital solutions that would make patient care more accountable, efficient, predictable and effective.”
Recently, Infosys, the second largest IT firm in India, had expanded its innovation fund to $500 million from $100 million.