R1 RCM Inc. (NasdaqGS:RCM) entered into a definitive agreement to acquire VisitPay LLC for approximately $300 million on May 3, 2021. R1 RCM Inc. will acquire VisitPay for $298 million in cash, subject to customary adjustments for working capital, cash, and debt. R1 intends to fund the transaction with a combination of cash from its balance sheet and debt.The financials include a $700.0 million senior secured term loan and a $450.0 million senior secured revolving credit facility.VisitPay team will move to R1. R1 RCM obtained a debt financing commitment letter from Bank of America with respect to a potential incremental term loan in the amount of $330 million subject to the terms and conditions set forth in the incremental commitment letter and related fee letter. The transaction is subjected to regulatory approval and other closing conditions. The transaction is expected to close in the third quarter of 2021. Centerview Partners LLC acted as financial advisor and Kathleen Blaszak, Matthew L. DiRisio, Aviva Grumet-Morris, Robert B. Heller, Jason D. Osborn, Conor A. Reidy, Rex L. Sessions, Alessandra V. Swanson, Becky L. Troutman, Joseph V. Anderson, Madalyn G. Brown, Kara E. Cooper, Dominique S. Fry, Dainia J. Jabaji, Mary Katherine Kulback, Lewis A. Loy, Kristi A. Mankowske, Ari J. Markenson, Christopher B. Monahan, Amanda L. Mueller, David O?Donaghue, and Eric J. Shinabarger of Winston & Strawn LLP acted as legal advisor to R1. Allen & Company LLC acted as financial advisor and Stoel Rives LLP acted as legal advisor to VisitPay. PJ SOLOMON acted as financial advisor in the transaction.