Healthcare revenue management firm R1 RCM Inc said on Monday it would buy peer Cloudmed in an all-stock deal worth about $4.1 billion, including debt.
Upon the deal’s closing, R1 shareholders will own about 70% of the combined company on a fully diluted basis and Cloudmed equity holders will own the rest.
Atlanta, Georgia-based Cloudmed, backed by private equity firm New Mountain Capital, partners with over 3,100 healthcare providers in the United States and recovers over $1.5 billion of underpaid or unidentified revenue for its clients annually.
Read more/Source: Reuters
