M&A Deal Summary

R1 RCM Acquires VisitPay

On May 4, 2021, R1 RCM acquired internet software and services company VisitPay for 300M USD

Acquisition Highlights
  • This is R1 RCM’s 1st transaction in the Internet Software and Services sector.
  • This is R1 RCM’s 3rd largest (disclosed) transaction.
  • This is R1 RCM’s 4th transaction in the United States.
  • This is R1 RCM’s 1st transaction in Idaho.

M&A Deal Summary
Date 2021-05-04
Target VisitPay
Sector Internet Software and Services
Buyer(s) R1 RCM
Deal Type Add-on Acquisition
Deal Value 300M USD
Advisor(s) Allen & Company (Financial)
Stoel Rives (Legal)

Target

VisitPay

Boise, Idaho, United States
VisitPay is a cloud based digital payment solution provider. VisitPay was founded in 2010 and is based in Boise, Idaho.

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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 4 of 6
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 3 of 5
State (Idaho) 1 of 1
Country (United States) 4 of 6
Year (2021) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-20 R1 RCM - Emergency Medical Services Business

Chicago, Illinois, United States

R1 RCM Inc.'s Emergency Medical Services Business includes EMS Revenue Cycle Management and Electronic Patient Care Reporting.

Sell $140M
FOLLOWING 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
Mergr

Product

Company

Legal