Infinx Acquires i3 Verticals' Healthcare RCM Business for $96 Million
Infinx has acquired the healthcare revenue cycle management (RCM) business of Nasdaq-listed i3 Verticals for $96 million. This acquisition aims to bolster Infinx's presence in the RCM space and extend reach into segments like academic medical centers and large provider groups. The deal enhances Infinx with proprietary technology and an established customer base.
- Country:
- India
In a significant industry move, Infinx has announced the acquisition of Nasdaq-listed i3 Verticals' healthcare revenue cycle management business for $96 million. The strategic purchase is expected to enhance Infinx's position in the RCM sector, enabling access to new customer segments such as academic medical centers and large provider groups.
The acquisition encompasses i3's proprietary technology and adds an experienced team to Infinx's extensive workforce, further expanding its impact and resources in the competitive healthcare space. The move aligns with Infinx's top executive, Jaideep Tandon, vision of a technology-driven approach to growth.
Speaking on the development, i3 Verticals' chairman, Greg Daily, confirmed the decision, emphasizing the importance of scale in the revenue cycle management industry. Daily noted that i3 Verticals would now focus on delivering enterprise software solutions across different markets.
(With inputs from agencies.)
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