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R1 RCM Completes Acquisition of Acclara, Providence’s Modular Services Business

Jan 17, 2024•almost 2 years ago

Acquiring Company

R1 RCM

Acquired Company

Acclara

MurrayHoustonHospitals and Health CareHospitals and Health Care

Description

R1 RCM Inc. has completed the acquisition of Acclara from Providence, one of the nation's largest health systems. The acquisition marks the beginning of a 10-year partnership between R1 and Providence for comprehensive revenue cycle services. R1 expects this transaction to create significant value for customers and shareholders, strengthening its position as a trusted partner of choice in revenue cycle management.

Company Information

Company

R1 RCM

Location

Murray, Utah, United States

About

R1 is a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers. R1’s proven and scalable operating models seamlessly complement a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash flows while reducing operating costs and enhancing the patient experience. To learn more, visit: r1rcm.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed