Hospital & Medical Practitioners M&A » By The Online Investor Staff, updated Sat., May. 4, 9:48 AM
Recent mergers and acquisitions in the Hospital & Medical Practitioners M&A category.
Slide #42. Conifer Health Solutions — Dell's Revenue Cycle Management Business
Acquirer: |
Conifer Health Solutions (NYSE:THC) |
Acquiree: |
Dell's Revenue Cycle Management Business |
Details: |
Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation (NYSE:THC) and a leader in business process management solutions for healthcare providers, has acquired Dell's Revenue Cycle Solutions line of business for hospitals and healthcare systems. The acquisition will increase the annual patient revenue Conifer manages for its client hospitals to $21 billion. Conifer and Dell anticipate a smooth transition of Dell's 34 revenue cycle management clients and 800 revenue cycle management employees to Conifer over a period of 12 months. Once fully integrated, Conifer expects the business from this acquisition to contribute $85 million in incremental annual revenues to Conifer. |
Tenet Healthcare is a healthcare services company. Through its subsidiaries, partnerships and joint ventures, Co. operates various hospitals and other healthcare facilities, including surgical hospitals, ambulatory surgery centers, imaging centers, off-campus emergency departments and micro-hospitals. In addition, Co. operates Conifer Health Solutions, LLC through its Conifer Holdings, Inc. subsidiary, which provides revenue cycle management and care services to hospitals, health systems, physician practices, employers and other clients. Co.'s general hospitals provides acute care services, operating and recovery rooms, radiology services, respiratory therapy services, among others.
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May 4, 2024 9:48 AM Eastern
Strong Buy (3.82 out of 4)
72nd percentile
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