M&A Deal Summary

R1 RCM Acquires Acclara Solutions

On December 6, 2023, R1 RCM acquired healthcare services company Acclara Solutions from Providence Health & Services for 675M USD

Acquisition Highlights
  • This is R1 RCM’s 1st transaction in the Healthcare Services sector.
  • This is R1 RCM’s 2nd largest (disclosed) transaction.
  • This is R1 RCM’s 6th transaction in the United States.
  • This is R1 RCM’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-12-06
Target Acclara Solutions
Sector Healthcare Services
Buyer(s) R1 RCM
Sellers(s) Providence Health & Services
Deal Type Add-on Acquisition
Deal Value 675M USD

Target

Acclara Solutions

Houston, Texas, United States
Acclara Solutions is a revenue cycle management firm that helps hospitals, health systems, and physician practices recover more revenue more quickly with services for patient financial responsibility, insurance reimbursement, and conversion assistance. Acclara Solutions is based in Houston, Texas.

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Buyer(S) 1

Buyer

R1 RCM

Murray, Utah, United States
Category Company
Founded 2003
Sector Information Services
Employees29,400
Revenue 2.3B USD (2023)
DESCRIPTION

R1 RCM is a provider of services and technology to healthcare providers. The Company helps clients strengthen their financial stability and deliver better care at a more affordable cost to the communities they serve, increasing healthcare access for all. R1 RCM was founded in 2003 and is based in Murray, Utah.

DEAL STATS #
Overall 6 of 6
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Texas) 1 of 1
Country (United States) 6 of 6
Year (2023) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Cloudmed

Atlanta, Georgia, United States

Cloudmed provides Revenue Intelligence solutions for healthcare providers in the United States and recovers over $1.5 billion of underpaid or unidentified revenue for its clients annually. Its revenue intelligence platform combines cloud-based data architecture and deep domain expertise with intelligent automation to analyze large volumes of medical records, payment data, and complex medical insurance models to identify opportunities to deliver additional revenue to customers. Cloudmed is based in Atlanta, Georgia.

Buy $4.1B

Seller(S) 1

SELLER

Providence Health & Services

Renton, Washington, United States
Category Company
Founded 1859
Sector Healthcare Services
Employees68,706
DESCRIPTION

Providence Health & Services is a provider of healthcare services.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Lumedic

Seattle, Washington, United States

Lumedic is a Seattle-based healthcare technology company transforming revenue cycle management processes for modern payers and providers. From eligibility to pre-authorization to billing, Lumedic offers an end-to-end platform and intelligent network built on blockchain technology that embraces patient, payer, and provider interactions to drive more efficient operations and make smarter data-driven decisions

Buy -
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