Goldman Sachs and Avista Invest in XiFin

FINVASIA Invests in Gini Health (Recapitalization)

October 28, 2021

Healthcare Services

FINVASIA has made an investment in Canada-based digital health company Gini Health, with previous investors exiting and FINVASIA and founder Gurjot Narwal becoming the company’s key stakeholders. The deal positions FINVASIA to expand into preventive and personalized healthcare services while providing Gini Health with capital, operational resources and platform support to accelerate product and market growth.

Capital Constellation Acquires Minority Stake in Avista Capital Partners

January 12, 2021

Financial Services

Capital Constellation, a group of institutional investors managed by Wafra Inc., acquired a minority ownership interest in New York-based private equity firm Avista Capital Partners. The strategic investment provides Avista with growth capital to expand its healthcare-focused investment platform and increase commitments to its funds; Houlihan Lokey and Kirkland & Ellis served as advisors on the transaction.

Goldman Sachs Growth Equity and Heritage Group Invest in AvaSure

May 20, 2021

Healthcare Services

Goldman Sachs Asset Management’s Growth Equity team and Heritage Group have made a growth equity investment in AvaSure, a provider of inpatient audiovisual telehealth and remote patient monitoring solutions. The capital will be used to fund growth initiatives, further develop AvaSure's AvaSure 360 platform, and scale the company's commercial footprint and product capabilities.

Sequoia Financial Group Acquires AltruVista

April 2, 2024

Financial Services

Sequoia Financial Group, an Akron-based SEC-registered wealth manager with more than $18 billion AUM, has acquired Houston-based AltruVista, an SEC-registered investment adviser with roughly $310 million in AUM. The deal, which closed March 31, 2024, adds a Houston office to Sequoia's footprint and brings AltruVista founder Ali Nasser in as a Sequoia shareholder to continue supporting clients and share his Wealth Integration System for entrepreneurs.

XIFIN Acquires OmniSYS from NexPhase Capital

December 14, 2021

Healthcare Services

XIFIN, a healthcare IT company, has acquired OmniSYS, a leading provider of cloud-based technology and revenue cycle management solutions for retail pharmacies, from NexPhase Capital. OmniSYS—which serves more than 30,000 pharmacies—will operate as a division of XIFIN with CEO John King continuing to lead the OmniSYS business, expanding XIFIN's reach into the pharmacy market and combining complementary clinical and financial capabilities.

KKR and Norwest Venture Partners Invest in Infinx

May 21, 2024

Healthcare Services

KKR (via a fund managed by the firm) has agreed to make a minority investment in Infinx Services Private Limited, an AI-driven healthcare revenue cycle management (RCM) provider based in Mumbai. Norwest Venture Partners, an existing investor, participated in the financing; proceeds will be used to accelerate growth, expand AI and analytics capabilities, broaden market reach in the U.S., and support bolt-on acquisitions.