From two private equity firms striking a deal to take R1 RCM private, to Med-Metrix acquiring a pair of companies, here are 10 RCM mergers and acquisitions Becker's has reported since June 10:
1. Private equity company Accel-KKR acquired revenue cycle management company VisiQuate.
2. CorroHealth finalized its acquisition of Xtend Healthcare from Navient. The deal brings more than 925 Xtend employees to the CorroHealth team. Navient first announced in August that CorroHealth would be acquiring Xtend for a cash consideration of $365 million, subject to customary adjustments.
3. 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.
4. Private equity firm New Mountain Capital completed the merger of three payment integrity companies. The Rawlings Group, Apixio's payment integrity business, and Varis are the companies being combined.
5. Private equity firm Arsenal Capital Partners signed a definitive agreement to acquire Knowtion Health.
6. EnableComp acquired denials management company ANI Healthcare Solutions.
7. Private equity firms TowerBrook Capital Partners and Clayton, Dubilier & Rice are acquiring R1 RCM in a deal valued at $8.9 billion.
8. Med-Metrix acquired Healthcare Receivable Specialists, a company providing a suite of technology-enabled eligibility management services.
9. Process management company Provana expanded its revenue cycle management footprint with the recent 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.
10. Med-Metrix acquired revenue cycle management company Hospital Billing & Collection Service.