• Rajasthan

    Cong 98
    BJP 74
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 111
    BJP 111
    BSP 2
    OTH 6
  • Chhattisgarh

    Cong 67
    BJP 17
    JCC 6
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

Shiv Nadar, Sanjay Kalra line up $500 mn to buy IT companies

By: | Updated: September 14, 2015 4:13 PM

HCL Tech founder and chairman Shiv Nadar has partnered with tech industry veteran Sanjay Kalra to launch an investment firm that will invest up to USD 500 million (about Rs 3,316 crore) to buy out IT product and platform companies in the US and India.

shiv nadarThe investment firm, Shiv Nadar & Sanjay Kalra Associates LLP (SNSK), will focus on healthcare technology investments, a statement today said. (PTI)

HCL Tech founder and chairman Shiv Nadar has partnered with tech industry veteran Sanjay Kalra to launch an investment firm that will invest up to USD 500 million (about Rs 3,316 crore) to buy out IT product and platform companies in the US and India.

The investment firm, Shiv Nadar & Sanjay Kalra Associates LLP (SNSK), will focus on healthcare technology investments, a statement today said.

“SNSK will invest up to USD 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,” it added.

The firm will also invest in select early stage US 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,” it added.

Nadar said the US healthcare industry is undergoing a radical transformation with the Affordable Care Act.

“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 added.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition