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
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.