From two firms striking a deal to take R1 RCM private to Arsenal Capital Partners signing an agreement to acquire Knowtion Health, here are six private equity-related revenue cycle management company moves that Becker's has reported since Aug. 1:
1. Private equity firm Patient Square Capital signed a definitive agreement for a strategic investment in revenue cycle management company CorroHealth. The transaction is expected to close by the end of 2024, with Patient Square Capital sharing joint control of the company with private equity firm Carlyle.
2. Private equity company Accel-KKR acquired revenue cycle management company VisiQuate.
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. Private equity firms TowerBrook Capital Partners and Clayton, Dubilier & Rice are acquiring R1 RCM in a deal valued at $8.9 billion. The deal is expected to close by the end of the year.