Shiv Nadar and Sanjay Kalra Associates are known to invest up to USD 500 million into healthcare technology in the United States. The alliance named as (SNSK) to buy-out IT product and platform companies across Providers, Payers, Pharma & Life Sciences, which are either disrupting or being disrupted by the confluence of regulatory changes, evolving consumer attitudes, changing demographics and emerging technologies.
The firm will also invest in select early stage U.S. and Indian companies, where product, platform or talent will accelerate portfolio objectives.
Talking on the new alliance, Shiv Nadar, Chairman, HCL and Mentor, SNSK, said, “The U.S. healthcare industry is undergoing radical transformation with the Affordable Care Act. Evolving thought and business models have little semblance to present mechanisms. 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. I am delighted to join hands with Sanjay and Mahesh in this exciting journey.”
SNSK Chairman, Sanjay Kalra further asserts, “SNSK is an operating team with Capital. Our relationship capital, trust and Shiv as a mentor are the most valuable elements we bring to our portfolio companies. We will support management teams to unlock value in their companies through our entrepreneurial passion, engineering heritage and global operating experience.”
Signed as the SNSK Managing Director, Mahesh Nagaraj added “The firm intends to realize synergies across its portfolio and rigorously explore growth in new markets. SNSK’s operational expertise, cost discipline, India based R&D capability and cutting-edge technology adoption will support businesses in achieving their potential.”
The entity will magnify on Hospitals, Ambulatory, Long Term Acute Care, Physician Practice, Information Exchanges, ACOs, Self-funded and Commercial Insurers as well as Insurance Exchanges.