TowerBrook and CD&R Acquire R1 RCM for $8.9 Billion

R1 RCM Acquires Cloudmed

June 21, 2022

Healthcare Services

R1 RCM Inc. completed its acquisition of Cloudmed, combining two leading revenue cycle management (RCM) businesses to deliver an integrated, technology-driven platform for healthcare providers. The deal brings Cloudmed's data-driven RCM solutions and client base into R1's operations to expand capabilities and accelerate digital transformation across hospitals, health systems, and physician groups.

R1 RCM Acquires Acclara from Providence

December 6, 2023

Healthcare Services

R1 RCM Inc. has entered into a definitive agreement to acquire Acclara from Providence for $675 million in cash plus warrants to purchase 12.2 million shares of R1. The deal includes a 10-year revenue cycle management agreement whereby Acclara and Providence will partner with R1, expanding R1's scale, capabilities, and long-term revenue opportunities in healthcare revenue cycle management.

R1 RCM Acquires SCI Solutions

April 1, 2020

Healthcare Services

R1 RCM Inc. completed the acquisition of SCI Solutions, a provider of digital patient access and engagement software, to expand its technology-enabled revenue cycle and patient intake capabilities. The deal (announced Jan 2020, closed Apr 2020) brings SCI’s EHR-agnostic care coordination marketplace and digital “front door” offerings into R1’s platform, and was previously owned by investors including The Wicks Group, NEA and Columbia Pacific.

Harris Acquires Innovative Healthcare's RCM Software Business

September 22, 2021

Software

N. Harris Computer Corporation (Harris), an operating group of Constellation Software, has acquired the revenue cycle management (RCM) software business of Innovative Healthcare Systems, Inc. The RCM business will join Harris' Ultimate Billing unit to expand its medical billing and emergency-department-focused RCM capabilities and support Innovative Healthcare's customers and employees.

CD&R to Acquire Majority Stake in Roper Technologies' Industrial Businesses

June 1, 2022

Industrial Services

Roper Technologies agreed to sell a majority stake in its industrial businesses (its entire Process Technologies segment and the industrial businesses within Measurement & Analytical Solutions) to affiliates of Clayton, Dubilier & Rice (CD&R) for approximately $2.6 billion in upfront pre-tax cash while retaining a 49% minority interest. The package—which includes Alpha, AMOT, CCC, Cornell, Dynisco, FTI, Hansen, Hardy, Logitech, Metrix, PAC, Roper Pump, Struers, Technolog, Uson and Viatran—generated about $940 million of revenue and $260 million of EBITDA in 2021; CD&R will operate the businesses as a standalone platform to pursue organic and inorganic growth.

RCM Holdings (Edgewater) Acquires MedData from MEDNAX

February 2, 2020

Healthcare Services

Edgewater Growth Capital’s newly formed portfolio company RCM Holdings, LLC has acquired MedData, a national provider of technology-enabled revenue cycle management services, from MEDNAX, Inc. The deal creates a PE-backed RCM platform aimed at consolidating niche revenue cycle management capabilities and expanding geographic presence and service offerings to hospitals, health systems and physician groups.