From R1 RCM going private to CorroHealth acquiring Xtend Healthcare, here are 11 RCM mergers and acquisitions Becker's has reported since June 10:
1. Aspirion on Dec. 18 acquired Boost Healthcare, a firm focused on helping providers identify and recover revenue.
2. TowerBrook Capital Partners and Clayton, Dubilier & Rice completed their $8.9 billion acquisition of R1 RCM on Nov. 19. With the closing of the deal, Joe Flanagan has reassumed the role of CEO, replacing Lee Rivas. Mr. Flanagan served as R1's CEO from May 2016 through January 2023.
3. Private equity company Accel-KKR acquired revenue cycle management company VisiQuate on Oct. 1.
4. CorroHealth finalized its acquisition of revenue cycle management company Xtend Healthcare from Navient on Sept. 19.
5. Swedish private equity firm EQT is acquiring a controlling interest in RCM company GeBBS Healthcare Solutions from ChrysCapital. The transaction is expected to close in the fourth quarter of 2024.
6. Private equity firm New Mountain Capital completed the merger of three payment integrity companies on Sept. 5. The Rawlings Group, Apixio's payment integrity business, and Varis are the companies being combined.
7. Private equity firm Arsenal Capital Partners signed a definitive agreement on Aug. 22 to acquire revenue cycle management company Knowtion Health.
8. EnableComp acquired denials management company ANI Healthcare Solutions on Aug. 1.
9. Med-Metrix on July 15 acquired Healthcare Receivable Specialists, a company providing a suite of technology-enabled eligibility management services.
10. Process management company Provana said June 25 it expanded its revenue cycle management footprint with the acquisition of five RCM companies. The acquired companies are Account Matters, CIS, To the Point Billing Solutions, ACI Therapy Billing, and Central Iowa Medical Billing.
11. Med-Metrix acquired revenue cycle management company Hospital Billing & Collection Service on June 10.