Infinx Acquires i3 Verticals' Healthcare Revenue Cycle Management Business

i3 Verticals Acquires Healthcare Revenue Cycle Management Business

October 1, 2021

Healthcare Services

i3 Verticals, Inc. acquired an undisclosed healthcare revenue cycle management business effective October 1, 2021 for $60.0 million in cash. The acquired business provides revenue cycle management, administrative and consulting services to hospitals, academic medical centers and practice groups—leveraging proprietary software, EHR integrations and payer relationships to expand i3 Verticals' Healthcare vertical.

KKR and Norwest Venture Partners Invest in Infinx

May 21, 2024

Healthcare Services

KKR (via a fund managed by the firm) has agreed to make a minority investment in Infinx Services Private Limited, an AI-driven healthcare revenue cycle management (RCM) provider based in Mumbai. Norwest Venture Partners, an existing investor, participated in the financing; proceeds will be used to accelerate growth, expand AI and analytics capabilities, broaden market reach in the U.S., and support bolt-on acquisitions.

Payroc Acquires i3 Verticals' Merchant Services Business

June 26, 2024

Payments & Fintech

Payroc WorldAccess LLC has acquired i3 Verticals' merchant services business and related payments software and technology in an all-cash transaction valued at $440 million (subject to purchase price adjustments). The acquisition—completed following regulatory approvals—boosts Payroc's processing scale and distribution capabilities while integrating i3's payments technology and merchant relationships into Payroc's platform.

i3 Verticals Acquires 30-Year-Old Court Systems Software Business

December 31, 2021

Software

i3 Verticals, Inc. announced an acquisition effective December 31, 2021 of a 30-year-old business that provides court system data management solutions across the Southeast and Mid-Atlantic, including electronic filing, case management and document imaging software for state-level customers. The deal expands i3 Verticals' Public Sector product suite and creates cross-selling opportunities; the company also granted inducement equity awards to certain employees in connection with the acquisition.

CorroHealth Acquires Xtend Healthcare RCM Business from Navient

September 19, 2024

Healthcare Services

CorroHealth has finalized the acquisition of Navient’s Xtend healthcare revenue cycle management (RCM) business, adding more than 925 Xtend employees to its team. The deal expands CorroHealth’s RCM scale and adds patient engagement capabilities, enhancing its end-to-end clinical and financial offerings for hospitals, physician practices and health plans.

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.