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Announced

Completed

R1 RCM completed the acquisition of Cerner RevWorks.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Health Care Services

Majority

Acquisition

health technology

Private

United States

Friendly

Single Bidder

Completed

Synopsis

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R1 RCM, a provider of technology-enabled revenue cycle management services to healthcare providers, completed the acquisition of Cerner RevWorks, a reference management services provider. Financial terms were not disclosed. "We are pleased to complete the acquisition of RevWorks. Through the commercial partnership, R1 is offering a powerful RCM solution that combines our collective revenue cycle expertise to produce both operational and patient-centric results. As such, we look forward to delivering scalable innovations and successful client outcomes to Cerner's customers, as well as other healthcare organizations," Gary Long, R1 Executive Vice President and Chief Commercial Officer.

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