Add-on Acquisition • Information Technology

R1 RCM Acquires Phare Health

On October 14, 2025, R1 RCM acquired information technology company Phare Health

Acquisition Context

This is R1 RCM’s 4th transaction in the Information Technology sector.
This is R1 RCM’s 1st transaction in the United Kingdom.

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M&A Deal Summary
Date	October 14, 2025
Target	Phare Health
Sector	Information Technology
Buyer(s)	R1 RCM
Deal Type	Add-on Acquisition

Target Company

Phare Health

London, United Kingdom

Phare Health is a healthcare technology company building AI-native solutions for inpatient coding and clinical documentation improvement (“CDI”). It utilizes a transformative approach to tackle the most complex inpatient coding cases. Unlike traditional systems that rely on keyword extraction, the AI engine reads all unstructured and structured data points to build a holistic fingerprint of the patient journey. Phare Health is based in London.

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Buyer Overview 1

Buyer

R1 RCM

Murray, Utah, United States

Category	Company
Founded	2003
Sector	Information Services
Employees	29,400
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 Context for Buyer	#
Overall	7 of 7
Sector: Information Technology	4 of 4
Type: Add-on Acquisition	6 of 6
Country: United Kingdom	1 of 1
Year: 2025	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2023-12-06	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.	Buy	$675M

DATE

TARGET

DEAL TYPE

VALUE

2023-12-06

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.

Buy

$675M

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