On the Record · R1 RCM
R1 RCM acquisitions, on the record
The businesses R1 RCM bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
CloudmedWord for word“On June 21, 2022, pursuant to the Transaction Agreement and Plan of Merger (the “Transaction Agreement”), dated as of January 9, 2022, among R1 RCM Inc. (f/k/a Project Roadrunner Parent Inc.), R1 RCM Holdco Inc. (f/k/a R1 RCM Inc.), now a wholly-owned subsidiary of the Company (“Old R1 RCM”), Project Roadrunner Merger Sub Inc., formerly a wholly-owned subsidiary of the Company (“R1 Merger Sub”), Revint Holdings, LLC (“Cloudmed”), CoyCo 1, L.P. (“CoyCo 1”), CoyCo 2, L.P. (“CoyCo 2” and, together with CoyCo 1, the “Sellers”), and, solely for certain purposes set forth therein, NMC Ranger Holdings, LLC, we purchased Cloudmed, a leader in Revenue Intelligence™ solutions for healthcare providers, and affiliated entities (collectively, the “Cloudmed entities”), through (i) a merger of R1 Merger Sub with and into Old R1 RCM with Old R1 RCM as the surviving entity, which resulted in Old R1 RCM becoming a wholly-owned subsidiary of the Company (the “Holding Company Reorganization”) and (ii) the Sellers contributing 100% of the equity of a blocker parent corporation of the Cloudmed entities in exchange for an aggregate of 135,929,742 shares of our common stock, subject to certain adjustments following the closing as set forth in the Transaction Agreement (the “Cloudmed Acquisition,” and together with the Holding Company Reorganization, the “2022 Transactions”).” 10-K for 2022 | acquisition | June 21, 2022 | — |
VisitPay (iVinci Partners, LLC d/b/a VisitPay)Word for word“As an example, in 2020 we acquired SCHEDULING.COM, INC. d/b/a SCI Solutions, Inc. (“SCI”) and in 2021 we acquired iVinci Partners, LLC d/b/a VisitPay (“VisitPay”), and have combined their technology capabilities with ours to create a more comprehensive patient and provider self-service platform.” 10-K for 2022 | acquisition | 2021 | — |
SCHEDULING.COM, INC. d/b/a SCI Solutions, Inc. (SCI)Word for word“As an example, in 2020 we acquired SCHEDULING.COM, INC. d/b/a SCI Solutions, Inc. (“SCI”) and in 2021 we acquired iVinci Partners, LLC d/b/a VisitPay (“VisitPay”), and have combined their technology capabilities with ours to create a more comprehensive patient and provider self-service platform.” 10-K for 2022 | acquisition | 2020 | — |
Emergency Medical Services businessWord for word“Proceeds from sale of Emergency Medical Services business, net of cash disposed — — 128.3 Other ( 8.3 ) 6.0 — Net cash used in investing activities ( 949.5 ) ( 340.4 ) ( 117.0 )” 10-K for 2022 | divestiture | — | — |
AcclaraWord for word“On January 17, 2024, we completed the Acclara Acquisition in exchange for $675.0 million cash and a warrant to acquire up to 12,192,000 shares of common stock of the Company to Providence, subject to customary adjustments for working capital, cash, and debt.” 10-K for 2023 | acquisition | January 17, 2024 | $675.0 million cash and a warrant to acquire up to 12,192,000 shares of common stock |
Revint Holdings, LLC ("Cloudmed")Word for word“In 2022, we acquired Revint Holdings, LLC (“Cloudmed”) and its cloud-based platform that identifies and delivers additional revenue to health system customers.” 10-K for 2023 | acquisition | 2022 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2020-12-31 | $194.1 million | — |
| 2021-12-31 | $286.4 million | $170.9 million |
| 2022-12-31 | $847.7 million | $2.1 billion |
| 2023-12-31 | $0 | — |
Deal filings since 2016
- 2024-11-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-11-19 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-02-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-08-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from R1 RCM’s annual reports (10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2024-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.