Cloudmed Overview

  • Year Founded
  • 1996

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 500

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 9

  • Investments
  • 14

Cloudmed General Information

Description

Provider of revenue cycle management services catering to hospitals and healthcare systems nationwide. The company offers a wide range of revenue integrity and consulting services for revenue recovery and enhancement, underpayment revenue cycle, as well as outsourced expense and interim management, thereby helping clients identify and capture more revenue opportunities while preventing further losses through continuous improvements.

Contact Information

Website
www.cloudmed.com
Formerly Known As
MCare Solutions, Revint Solutions
Ownership Status
Acquired/Merged
Financing Status
Formerly PE-Backed
Corporate Office
  • 1100 Peachtree Street
  • Suite 1550
  • Atlanta, GA 30309
  • United States
Primary Industry
Practice Management (Healthcare)
Acquirer
R1 RCM
Corporate Office
  • 1100 Peachtree Street
  • Suite 1550
  • Atlanta, GA 30309
  • United States

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Cloudmed Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Cloudmed Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of revenue cycle management services catering to hospitals and healthcare systems nationwide. The company offer
Practice Management (Healthcare)
Atlanta, GA
500 As of 2020

Spring, TX
 

Boca Raton, FL
 
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Cloudmed Competitors (17)

One of Cloudmed’s 17 competitors is Elevate Patient Financial Solutions, a Private Equity-Backed company based in Spring, TX.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Elevate Patient Financial Solutions Private Equity-Backed Spring, TX
Omega Healthcare Management Services Private Equity-Backed Boca Raton, FL
ECG Management Consultants Formerly PE-Backed San Diego, CA
AGS Health Private Equity-Backed Washington, DC
Evolent Health Formerly VC-backed Arlington, VA
You’re viewing 5 of 17 competitors. Get the full list »

Cloudmed Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Cloudmed Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Cloudmed Investments & Acquisitions (14)

Cloudmed’s most recent deal was a Merger/Acquisition with Par8o. The deal was made on 15-Dec-2021.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Par8o 15-Dec-2021 Merger/Acquisition Other Healthcare Technology Systems
Eligibill 14-Oct-2021 Buyout/LBO Other Healthcare Technology Systems
MCRC Group 01-Jul-2021 Buyout/LBO Practice Management (Healthcare)
Databound 30-Mar-2021 Buyout/LBO Enterprise Systems (Healthcare)
Triage Consulting Group 15-Oct-2020 Buyout/LBO Other Commercial Services
You’re viewing 5 of 14 investments and acquisitions. Get the full list »

Cloudmed Exits (1)

Cloudmed’s most recent exit was on 15-Dec-2021 from Par8o. The exit was categorized as .

Company Name Exit Date Exit Type Exit Size Status Buyers
Par8o 15-Dec-2021 Completed
To view Cloudmed’s complete exits history, request access »

Cloudmed Affiliates

Subsidiaries (5)

Name Industry Location Year Founded
CloudMed Solutions Gilbert, AZ 2015
Praxis Healthcare Solutions Plano, TX 2014
Washington & West Towson, MD 2008
Databound Ithaca, NY 1999
Triage Consulting Group San Francisco, CA 1994

Cloudmed FAQs

  • When was Cloudmed founded?

    Cloudmed was founded in 1996.

  • Where is Cloudmed headquartered?

    Cloudmed is headquartered in Atlanta, GA.

  • What is the size of Cloudmed?

    Cloudmed has 500 total employees.

  • What industry is Cloudmed in?

    Cloudmed’s primary industry is Practice Management (Healthcare).

  • Is Cloudmed a private or public company?

    Cloudmed is a Private company.

  • What is the current valuation of Cloudmed?

    The current valuation of Cloudmed is .

  • What is Cloudmed’s current revenue?

    The current revenue for Cloudmed is .

  • How much funding has Cloudmed raised over time?

    Cloudmed has raised $1.15B.

  • Who are Cloudmed’s investors?

    Altor Equity Partners, BKO Capital, Eir Partners, and New Mountain Capital have invested in Cloudmed.

  • Who are Cloudmed’s competitors?

    Elevate Patient Financial Solutions, Omega Healthcare Management Services, ECG Management Consultants, AGS Health, and Evolent Health are some of the 17 competitors of Cloudmed.

  • When was Cloudmed acquired?

    Cloudmed was acquired on 10-Jan-2022.

  • Who acquired Cloudmed?

    Cloudmed was acquired by R1 RCM.

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