Becker's Healthcare September 7, 2022
Capital One Commercial Bank said Sept. 7 that it was the joint lead arranger for an amended and restated credit facility for R1 RCM.
The facility increased R1 RCM’s borrowing capacity from $1.2 billion to $2.3 billion, according to a Capital One news release emailed to Becker’s. R1 RCM is using the increased borrowing capacity for its $4.1 billion purchase of healthcare revenue recovery provider and consultant Cloudmed, which was completed in June. The revenue cycle management company is also using the facility to refinance its existing debt.
The $2.3 billion facility includes a $600 million revolving line of credit, a $1.2 billion term loan and a $500 million...
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