i3 Verticals sells Healthcare RCM business to Infinx for $96M cash

i3 Verticals (IIIV) announced the entry into a definitive agreement and contemporaneous closing of the sale of its Healthcare Revenue Cycle Management business, including associated technology, to Infinx. The all-cash transaction is valued at $96M, subject to adjustments. i3 Verticals stated the divestiture allows it to streamline and focus on the Public Sector vertical. Infinx welcomed the i3 RCM team and customers, noting the combination complements its AI-powered RCM solutions. i3 Verticals will provide more details on its May 9 earnings call.