ArentFox Schiff Advised Providence in Sale of Acclara to R1 RCM

ArentFox Schiff provided legal counsel to one of the nation’s largest health systems, Providence, in its sale of Acclara, a leading technology-driven revenue cycle management company, to R1 RCM Inc.

R1 (NASDAQ: RCM) acquired Acclara for $675 million in cash and a warrant to purchase up to 12.2 million shares of R1 stock. R1 is a leading provider of technology-driven solutions to transform the patient experience and financial performance of healthcare provides.

Providence is among the top 10 US integrated delivery networks (IDNs), recognized for leadership in developing innovative delivery models and a commitment to technology.

The ArentFox Schiff team included Steve Isaacs, Henry Mann, Lucia Lorenz, Matthew Kulju, Olga Bogush, Brian Friederich, Lauralyn Bengel, Matthew Prewitt, Peter Butler, Ben Leese, Douglas Grimm, Chris Bollinger, Evgeny Magadenko, Derek Barella, Gayland Hethcoat, and Mary Golonka.

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