Perfios acquires healthcare information exchange platform IHX
Perfios
, a provider of software services to banks and financial services companies, has acquired IHX, a
healthcare information exchange
platform, marking its third acquisition in two months.
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The financial terms of the transaction were not disclosed.
In February, Perfios acquired Clari5, a banking financial crime management platform, and followed this with the purchase of debt management and collections platform CreditNirvana in March.
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Founded in 2009, IHX connects healthcare providers and payors to facilitate real-time, digital-first claims processing across the healthcare ecosystem. It processes over 40% of all cashless health insurance claims in India, handling more than 10 million transactions annually, representing $1 billion in claims.
The platform claims that it is integrated with 30,000 hospitals across over 1,200 locations and collaborates with more than 30 payors.
'With this acquisition, Perfios and IHX coming together will tackle three critical challenges and problem statements like the lack of real time transparency, inefficiencies in claim processing and the rise of cost burden in healthcare,' Sabyasachi Goswami, CEO of Perfios, told ET. 'We plan to do that by building digital trust, data intelligence and end-to-end visibility into every client.'
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Following the deal, IHX will continue to operate as a wholly owned subsidiary of Perfios, with its team of approximately 100–150 employees working independently.
Data from Tracxn shows that IHX has raised $2.58 million in funding since its inception. For 2023-24, it reported a net loss of Rs 38 crore on revenue of Rs 14.8 crore.
Founded in 2008, Perfios offers software solutions that assist lenders in underwriting customers and businesses by digitally analysing bank statements, payslips, and passbooks. Last valued at $2.5 billion, the company has raised $450 million from investors such as Warburg Pincus, Kedaara Capital, and Bessemer Venture Partners.
During its
$80 million fundraise in March 2024
, Goswami said the company would focus on international expansion and strategic acquisitions. Currently, Perfios supports over 1,000 financial institutions across 18 countries and processes more than 8.2 billion data points annually to aid in credit decision-making and financial services.
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