7 recent RCM company M&A moves 

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Here are seven revenue cycle company mergers and acquisitions that have been announced or completed since March 17: 

1. Healthcare investment platform Thoreau entered into an agreement to make a strategic growth investment in Ensemble Health Partners. The investment will support the revenue cycle management company’s continued growth and accelerate its investment in technology and people. Berkshire Partners, Warburg Pincus and Cincinnati-based Bon Secours Mercy Health will continue as investors in Ensemble alongside Thoreau. 

2. Med-Metrix signed a definitive agreement June 10 to acquire CanAide from HCAP Partners. CanAide provides technology-enabled services that help healthcare providers improve patient access and optimize their front-end revenue cycle performance.

3. Med-Metrix entered into a definitive agreement on June 4 to acquire Vitalware, a cloud-based revenue integrity and chargemaster management software company, from Salt Lake City-based Health Catalyst.

4. Healthcare technology company Innovaccer acquired RCM company CaduceusHealth on May 21. The acquisition brings CaduceusHealth’s ambulatory RCM expertise and client relationships directly into Innovaccer’s agentic revenue cycle platform. 

5. Global investment firm Carlyle acquired a majority stake in revenue cycle management companies Knack RCM and EqualizeRCM on May 4. Knack and Equalize are complementary RCM providers serving rural hospitals, physician groups, durable medical equipment providers and other specialty provider segments. 

6. IKS Health on April 23 signed a definitive agreement to acquire TruBridge, which provides RCM and EHR services for rural and community hospitals. The deal is expected to be completed in the third quarter of 2026, subject to customary closing conditions. 

7. Knowtion Health on March 17 acquired revly, a revenue cycle management firm focused on reimbursement optimization. The acquisition expands Knowtion’s claims routing services to serve a broader range of providers.

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