Santiago, Chile – January 4, 2018 – 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.”
Accel-KKR is a technology-focused investment firm with $4.3 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London.
Through its market-leading online, digital health platform, I-Med securely integrates the processes of all the different constituents that participate in Chilean healthcare market, generating agile, simple and patient-centered healthcare for 18 million Chileans. Pioneers in the digital transformation of Chilean healthcare system, I-Med’s online platform processes hundreds of millions of transactions annually connecting insurance providers, physicians and patients to allow for identity and insurance verification in a simple, efficient and secure manner. The Company’s focus on the modernization of health in Chile has saved Chileans millions of hours of paperwork and resulted in significant cost reductions for insurers and providers. I-Med is based in Santiago, Chile.