Becker's Healthcare January 22, 2024
Revenue cycle management company mergers and acquisitions are off to a quick start in 2024, with four deals announced or completed so far in January.
1. R1 RCM completed its acquisition of revenue cycle management company Acclara from Renton, Wash.-based Providence on Jan. 17.
Upon closing, R1 RCM began a 10-year agreement to provide comprehensive RCM services for Providence. R1 expects the acquisition and partnership with Providence to contribute more than $625 million in revenue and approximately $185 million to adjusted EBITDA by year five of the partnership, not including potential revenue synergies.
2. Elevate Patient Financial Solutions acquired Professional Medical Services, according to a Jan. 9 news release.
Professional Medical Services focuses on low-balance accounts receivable...
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