CorroHealth finalises Navient's healthcare RCM business Xtend acquisition [Yahoo! Finance]
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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Source: Yahoo! Finance
This strategic move is set to improve CorroHealth's capabilities in the RCM consultancy and technology domain. The transaction was initially agreed upon on 13 August 2024. As per the initial announcement, the deal was valued at a $365m cash consideration, subject to certain customary adjustments. As of 30 June 2024, the book value of the acquired healthcare services business stood at approximately $136m, inclusive of $113m of goodwill, along with acquired intangible assets, Navient's previous announcement stated. With the completion of this acquisition, CorroHealth will continue to operate Xtend from its existing offices in Hendersonville, Tennessee, US. In addition, more than 925 Xtend employees have now become part of the CorroHealth team, expanding the company's workforce and expertise. Xtend Healthcare president Mike Morris said: “The entire Xtend team is excited to join a world-class revenue cycle management leader like CorroHealth. “As part of the CorroHealth team
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