Health

Seattle healthcare tech company SCI Solutions acquired for $190M

SCI Solutions, a Seattle company that operates a web based market for sufferers and healthcare suppliers, simply got acquired for $190 million.

A Chicago-based company known as R1 RCM that makes software program to assist healthcare corporations monitor income is the client. R1 mentioned in a press launch that SCI’s buyer base represents $225 billion in potential income, with its companies masking greater than 94,000 suppliers and 1,200 amenities.

“Affected person scheduling is a vital element of the income cycle course of, and but is just too usually a significant ache level for referring suppliers and well being programs,” R1 CEO Joe Flanagan mentioned in an announcement. “With SCI’s capabilities built-in into our main income cycle resolution, we consider that R1 affords our prospects the broadest and deepest tech-enabled affected person consumption resolution obtainable.”

The deal is scheduled to shut within the second quarter of this yr. R1 mentioned it plans to fund the acquisition with a mixture of money and debt.

Information of SCI’s acquisition comes just some days after it made a purchase order of its personal. SCI acquired Tonic Health, a digital platform for making funds, checking into appointments and extra. In April 2018, SCI acquired acquired DatStat, a Seattle startup that builds self-service affected person well being knowledge assortment know-how

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