Becker's Healthcare September 22, 2022
From health system partnerships to its acquisition of Cloudmed, here are six headlines about R1 RCM Becker’s has covered since June 21.
1. R1 RCM gets $2.3B in financing
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 is using the increased borrowing capacity for its $4.1 billion purchase of healthcare revenue recovery provider and consultant Cloudmed. The company is also using the facility to refinance its existing debt.
2. Minnesota physician group selects R1 RCM for revenue cycle...
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