M&A Deal Summary

R1 RCM Acquires SCI Solutions

On April 1, 2020, R1 RCM acquired information technology company SCI Solutions from Wicks Group

Acquisition Highlights
  • This is R1 RCM’s 2nd transaction in the Information Technology sector.
  • This is R1 RCM’s 2nd transaction in the United States.
  • This is R1 RCM’s 1st transaction in Washington.

M&A Deal Summary
Date 2020-04-01
Target SCI Solutions
Sector Information Technology
Buyer(s) R1 RCM
Sellers(s) Wicks Group
Deal Type Add-on Acquisition

Target

SCI Solutions

Seattle, Washington, United States
SCI Solutions, Inc. improves the health of the health system by operating the industry’s largest EHR-agnostic care coordination marketplace, enabling patients, health plans, referring providers and rendering provider facilities to securely navigate, communicate and transact digitally in more than 400 geographic markets. With its digital engagement solutions, SCI enables health enterprises to offer a consumer-friendly digital front door, giving patients and their providers improved choice and convenience.

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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 2 of 6
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 2 of 5
State (Washington) 1 of 1
Country (United States) 2 of 6
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 Intermedix

Fort Lauderdale, Florida, United States

Intermedix is a provider of healthcare information technology based business services to emergency providers. Intermedix was founded in 1983 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-03 Cerner RevWorks

Missouri, United States

Cerner RevWorks provides revenue cycle management outsourcing to services business and commercial, non-federal client relationships.

Buy -

Seller(S) 1

SELLER

Wicks Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Wicks Group is a private equity firm focused on selected segments of the communications, information and media industries. Wicks targets privately held or non-core divisions of large corporations with high-margins, limited competitive environment, and strong cash flow potential. Specific areas of interest include special interest publishing (trade magazines, workplace training, reference publishing, consumer magazines), business information services, (market information, specialized databases, consumer research), television broadcasting, radio broadcasting, newspapers, cable television, and outdoor advertising. The Wicks Group was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 24 of 26
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 11 of 13
State (Washington) 1 of 1
Country (United States) 24 of 26
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 EZShield

Nottingham, Maryland, United States

EZShield, Inc. is a provider of fraud protection to consumers and small business customers through trusted partners in the financial services, benefits/payroll, insurance, telecommunications and warranty markets. EZShield full range of identity theft and fraud services are offered on a secure, flexible platform and backed by best-in-class customer support. EZShield was founded in 2001 and is based in Nottingham, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Sontiq

Framingham, Massachusetts, United States

Sontiq is a high-tech security and identity protection company arming businesses and consumers with award-winning products built to protect what matters most. Sontiq’s brands, EZShield and IdentityForce, provide a full range of identity monitoring, restoration, and response products and services that empower customers to be less vulnerable to the financial and emotional consequences of identity theft and cybercrimes. Sontiq is based in Framingham, Massachusetts.

Sell $638M
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