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    Home»Mergers & Acquisitions»Healthcare financial solutions firm R1 RCM to buy peer Cloudmed in $4.1 bln deal
    Mergers & Acquisitions

    Healthcare financial solutions firm R1 RCM to buy peer Cloudmed in $4.1 bln deal

    January 11, 20221 Min Read
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    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

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