MCK - R1 RCM To Acquire SCI Systems For Patient Scheduling Tech
Quick Take
R1 RCM (RCM) has announced the proposed acquisition of SCI Solutions for $190 million.
SCI has developed a SaaS-based patient engagement software system for health systems.
RCM continues to ramp revenue and implement contract wins as it gears up to provide updated guidance shortly, so my bias on the stock is cautiously BULLISH.
Target Company
Seattle, Washington-based SCI was founded to create EHR-agnostic patient scheduling and care coordination solutions to enhance the revenue cycle of providers while increasing capacity utilization and improving the patient experience.
Management is headed by Chief Executive