Intermountain Healthcare, Inova Health System, Ascension Ventures and St Luke’s Health System are all set to exit the medical payment software producer.

Healthcare management technology provider R1 RCM agreed on Tuesday to acquire US-based digital payment software developer VisitPay for $300m, allowing several corporate investors to exit.

Formerly known as iVinci Health, VisitPay provides software that helps patients engage with hospitals’ billing systems and choose from a variety of payment options, utilising analytics from a decade’s worth of healthcare transaction data.

The company raised $5m from healthcare providers Intermountain Healthcare, Inova Health System and St Luke’s Health System in 2014.

Venture capital…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.
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