RevCycle Intelligence December 12, 2023
R1 RCM entered a definitive agreement to purchase Acclara from Providence for $675M in a deal expected to close early next year.
R1 RCM Inc. recently announced plans to acquire the technology-driven revenue cycle management company Acclara from Providence.
The revenue cycle management solutions vendor signed a definitive agreement to purchase Acclara last week. The deal amounts to $675 million in cash. R1 also warrants to purchase 12.2 million shared of its stock at a strike price of $10.52, including a three-year lock-up.
R1 also said Providence will use it as its long-term revenue cycle management partner following the closing of the deal. According to the announcement, Providence chose R1 after a “competitive process and represents the first major cross-sell...
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