R1 RCM Acquired for $9B

Healthcare Tech Company Goes Private

New Mountain Capital Leads Buyout

August 1, 2024 - Healthcare technology company R1 RCM announced today that it has agreed to be acquired by private equity firm New Mountain Capital for $9 billion. The deal will take R1 RCM private, ending its run as a publicly traded company.

New Mountain Capital is a leading private equity firm with a focus on growth-oriented investments in the healthcare and technology sectors. The firm has a strong track record of investing in healthcare technology companies, and its acquisition of R1 RCM is a major vote of confidence in the company's future.

R1 RCM is a leading provider of revenue cycle management solutions to healthcare providers. The company's software and services help healthcare providers improve their financial performance by automating and streamlining billing and collection processes.

The acquisition of R1 RCM is expected to close in the fourth quarter of 2024. Following the closing, R1 RCM will continue to operate as a standalone company under the leadership of its current management team.

This acquisition is a significant development in the healthcare technology market. It underscores the growing importance of technology in the healthcare industry and the increasing demand for solutions that can help healthcare providers improve their financial performance.