i3 Verticals, Inc. announced on May 5, 2025, the entry into a definitive agreement and the contemporaneous closing of the sale of its Healthcare Revenue Cycle Management (RCM) business. The business, including its proprietary technology, was sold to Infinx, Inc. in an all-cash transaction valued at $96 million, subject to post-closing adjustments.
The divestiture represents a strategic move to completely streamline i3 Verticals' operations, allowing it to focus entirely on the Public Sector vertical, which includes K-12 public education markets. Management believes this targeted focus will maximize growth potential and enable the delivery of enhanced services to public sector customers.
While the company acknowledged the healthcare RCM market as attractive, it recognized the importance of scale in that segment and determined its future lies in providing enterprise software solutions in other markets. This transaction provides capital and strategic clarity for the company's future direction.
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