Infinx completed the acquisition of the healthcare revenue cycle management business of i3 Verticals for $96m.

Infinx, provider of AI-powered solutions for patient access and revenue cycle management, completed the acquisition of the healthcare revenue cycle management business of i3 Verticals, provider of software solutions, for $96m. “Several years ago we set off to build a platform to deliver fantastic revenue cycle management solutions for the healthcare industry. We are proud of what we built and continue to believe that this is an attractive market. However, we also recognize that scale is important in revenue cycle management, and our future is in providing enterprise software solutions in other markets. We found a great partner, and our healthcare management team will be well positioned to accomplish great things with Infinx. After the divestiture, we will be completely streamlined, focused on the Public Sector vertical, including the K-12 public education markets. We believe that focusing our efforts in this targeted area will maximize our growth potential and allow us to bring our customers the best possible service. We look forward to driving innovation and excellence in these sectors," Greg Daily, i3 Verticals Chairman and CEO.