In a strategic move to bolster its presence in the healthcare revenue cycle management (RCM) sector, Infinx Healthcare has acquired the healthcare RCM business of i3 Verticals, Inc. for $96 million. This acquisition includes i3’s proprietary technology and is aimed at enhancing Infinx’s AI-powered solutions for healthcare providers.
The deal significantly expands Infinx’s footprint, particularly among academic medical centers and large provider groups, by integrating i3’s experienced team and established customer base. This move aligns with Infinx’s strategy to deliver comprehensive, AI-enabled financial lifecycle solutions across the healthcare industry.
“We’re thrilled to welcome the i3 Verticals Healthcare RCM team and their customers into the Infinx family,” said Jaideep Tandon, Chairman and CEO of Infinx. “Their deep experience supporting academic medical centers and the strong relationships they’ve built over the years are an ideal complement to our technology-driven approach. By combining their trusted expertise with our AI-powered RCM Insights, patient access, and automation platforms, we’re excited to deliver meaningful financial and clinical outcomes for healthcare providers nationwide.”
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Greg Daily, Chairman and CEO of i3 Verticals, commented on the divestiture:
“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.”
This acquisition follows Infinx’s recent purchase of Glidian, a U.S.-based prior authorization processing firm, indicating a continued effort to expand its capabilities and market reach in the healthcare sector.
By integrating i3 Verticals’ RCM division, Infinx aims to enhance its service offerings, reduce administrative burdens for healthcare providers, and improve patient outcomes through advanced AI and automation technologies. The company continues to focus on delivering scalable, tech-enabled solutions that address the evolving needs of the healthcare industry.
