Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. and Capital One Bank (USA), N.A., had $313.4 billion in deposits and $434.2 billion in total assets as of March 31, 2022. The $2.3 billion facility includes a $600 million revolving line of credit, a $1.2 billion term loan and a $500 million term loan B.Ĭapital One Financial Corporation ( is a financial holding company whose subsidiaries, which include Capital One, N.A. They have consistently demonstrated both their willingness and their capacity to support our growth.” “Capital One’s understanding of our strategy has made this a valuable, long-term banking relationship. ![]() “Our goal is to build the most scalable, flexible and integrated platform to meet revenue cycle and consumer engagement needs in healthcare,” said R1 CFO Rachel Wilson. R1 has made several acquisitions since February 2018 and is the only end-to-end RCM provider with the scale to service large national hospital networks. ![]() “This combination should give R1 RCM a greater ability to scale its investments in automation and drive improved yield from payors.” “We believe that R1 RCM’s acquisition of Cloudmed gives R1 RCM the ability to offer a more comprehensive, end-to-end revenue cycle management solution and helps healthcare provider organizations reduce costs, increase collections, and improve the patient experience in the face of a challenging labor and reimbursement environment,” said Donald Hooker, Capital One Healthcare Technology analyst. Capital One also served as joint lead arranger when R1’s facility was created in 2019 and supported successive incremental increases in 20. R1 RCM used the facility, which increased its borrowing capacity from $1.2 billion to $2.3 billion, to purchase Cloudmed, an industry-leading revenue intelligence platform, and to refinance that company’s existing debt. ![]() The borrower is a leading provider of technology-driven revenue cycle management (RCM) solutions for the healthcare industry. Capital One Commercial Bank, a full-service bank with middle market specialization in many industries, including over 40 healthcare sub-sectors, announced today it served as a joint lead arranger for an amended and restated credit facility for R1 RCM.
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