R1 RCM Acquires Acclara from Providence

R1 RCM Acquires Acclara from Providence

R1 RCM announced that it is acquiring revenue cycle management (RCM) company Acclara from Renton, Washington-based health system Providence Health & Services.  R1 RCM is buying Acclara for $675 million and warrants to purchase 12.2 million shares of R1 stock, according to a December 6, 2023 R1 RCM news release.  Acclara supports patients and providers through streamlined billing and payment processes, improves financial performance and enhances patient experience.  Founded in 2003, R1 RCM is a RCM company that services hospitals, health systems and physician groups across the United States. R1 RCM saw revenues of $1.8 billion in 2022 but a net loss of $57.6 million,... Read More »

Deal of the Week: R1RCM/Intermedix Corporation

R1 RCM Inc. (NASDAQ: RCM), a provider of  revenue cycle management services to healthcare providers, announced its acquisition of Intermedix Corporation, a portfolio company of Thomas H. Lee Partners, on February 26. Intermedix is a global leader in data analytics and cloud-based technology that delivers best-in-class revenue cycle management (RCM), practice management and emergency management solutions. It supports more than 500,000 emergency preparedness and response incidents worldwide and enables more than 15,000 health care providers to focus on patient care. The acquisition by R1 RCM includes Intermedix’s healthcare division, which is comprised of its physician and EMS RCM... Read More »