Healthcare Finance News January 10, 2022
The deal advances R1’s integrated technology strategy through revenue intelligence and automation.
Technology company R1 RCM is acquiring Cloudmed in a further expansion of its reach into the revenue cycle management space.
The deal is expected to close in the second quarter of 2022.
It builds on R1’s previous acquisitions of VisitPay ($300M in 2021), SCI Solutions ($190M in 2020) and Intermedix ($460M in 2018).
R1 has more than 900 clients nationally serving more than 27,000 providers in revenue cycle management.
Cloudmed serves more than 400 health systems in the country in revenue intelligence, including 47 of the top 50 hospital systems, R1 said in the announcement.
The transaction values Cloudmed at approximately $4.1 billion, including $857 million of...