R1 RCM completes $300M acquisition of VisitPay

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R1 RCM, a revenue cycle company for healthcare providers, has completed its acquisition of patient financial engagement company VisitPay for $300 million. 

The companies announced the deal May 4 and completed it July 1.

VisitPay's payment platform is designed to improve patient satisfaction and drive higher collection yield by offering consolidated digital statements for multiple visits, care settings and family members. It also uses proprietary analytics drawn from a decade’s worth of healthcare transaction data to deliver financing options designed to meet patients' needs.

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