A definitive agreement between the two companies has been signed and the transaction is expected to close at the end of the fourth quarter.
“The SPi leadership team has achieved decades of sustained growth. They are now a recognized leader in the physician revenue cycle marketplace with a reputation for service delivery excellence,” said Stephen M. Mooney, president and CEO of Conifer. “We believe the combined organization will drive incremental growth for Conifer by creating an enhanced value proposition for physicians in a variety of care settings—including integrated delivery networks—that are seeking to improve their operational performance in the era of value-based care and other changes in healthcare delivery and financing.”
More articles on the health IT market:
Philips’ restructuring refocuses company on healthcare
Digital health funding to hit $6.5B by 2017
Partners HealthCare, Sunquest partner to develop genomic information system
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.