New Delhi, Sep 14 (IANS) HCL founder Shiv Nadar has partnered with Tech Mahindra ex-chief executive officer Sanjay Kalra to invest up to $500 million to buy-out IT product and platform companies across providers, payers, pharma & life sciences in the US, a company statement said here on Monday.
The name of the new investment firm is Shiv Nadar & Sanjay Kalra Associates (SNSK).
The firm will also invest in select early stage US and Indian companies, where product, platform or talent will accelerate portfolio objectives, the statement said.
“The focus areas include hospitals, ambulatory, long term acute care, physician practice, information exchanges, self-funded and commercial insurers as well as insurance exchanges.”
“The US healthcare industry is undergoing radical transformation with the Affordable Care Act. Evolving thought and business models have little semblance to present mechanisms,” Nadar, mentor of SNSK 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,” he said.
“It will support management teams to unlock value in their companies through our entrepreneurial passion, engineering heritage and global operating experience,” Kalra, chairman of SNSK said.