Accel-KKR acquired I-Med, a Chilean digital healthcare network, for an undisclosed amount.
(Press Release) I-Med, the largest connected health network in Spanish-speaking Latin America, has completed a management-led buy-out by the company’s founder Hector Gomez, with the backing of Accel-KKR, a leading global technology-focused investment firm. The I-Med team is focused on accelerating investments in product innovation and other key initiatives to continue to provide better and more efficient access to care in both the public and private sectors of the Chilean healthcare market.
Founded in 2002, I-Med built the core digital network that facilitates health processes and procedures throughout all of Chile, processing over 600 million transactions per year. The Chilean health system is the most efficient in Latin America and ranked eighth best in the world, largely as a result of the implementation of I-Med over the past 15 years. I-Med’s core value proposition is the integration all the various stakeholders involved in financing and providing healthcare to 18 million Chileans. I-Med plans to leverage its know-how to continue to improve healthcare in Chile and expand into adjacent markets throughout the region.
The I-MED senior management team will continue to be led by Hector Gomez, Founder and President of the Board of I-Med and CEO Michel Moya. “This new capital investment, combined with Accel-KKR’s extensive resources and experience, will help us to execute on our vision of improving our existing offerings to our customers, as well as developing new products and services for the healthcare system in Chile and throughout LATAM,” said Hector Gomez.
“The I-Med team has worked very hard to make healthcare more efficient and accessible in Chile,” said Jason Klein, Managing Director at Accel-KKR. “We are excited about partnering with I-Med to support the team as they strengthen their solutions and accelerate their vision of improving healthcare for all Chileans.”
“Accel-KKR continues to look to Latin America to find strong platform and add-on investments,” according to Tom Barnds, Managing Director at Accel-KKR. “We are excited about the long-term growth prospects for Latin America, and in particular Chile where we have been very active since 2015, and will continue to look for companies that align with our firm’s investment strategy.”