R1 RCM Shares Up on Deal to Buy Cerner’s RevWorks
1 min read
Article by Rob Lenihan.
In a deal involving two health-data companies, Cerner will sell its RevWorks business to R1 RCM.
R1 RCM (RCM) – Get Report shares were higher after the health information services company said it would acquire Cerner’s (CERN) – Get Report RevWorks services business and commercial, non-federal client relationships.
Terms weren’t disclosed. The deal is expected to close in the third quarter.
R1 RCM shares at last check were up 9.5% to $11.70, while Cerner was little changed at $73.12. […]
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