StockNews.AI
IIIV
StockNews.AI
105 days

i3 Verticals Divests Healthcare RCM Business

1. i3 Verticals sold its Healthcare RCM business for $96 million. 2. The transaction enhances IIIV's strategic focus on core operations.

2m saved
Insight
Article

FAQ

Why Bullish?

Selling a segment for $96 million provides liquidity and allows IIIV to refocus on core competencies, similar to past strategic divestitures in the tech sector that boosted share prices.

How important is it?

The strategic sale aligns IIIV with market trends and positions it for growth, making it significant for investors.

Why Short Term?

Immediate cash influx improves financial stability and provides investment opportunities, typically affecting stock prices in the short term.

Related Companies

INFX
NASHVILLE, Tenn.--(BUSINESS WIRE)---- $IIIV--i3 Verticals, Inc. (“i3 Verticals” or the “Company”) (NASDAQ: IIIV), and Infinx, Inc. (“Infinx”), a leader in AI-powered revenue cycle management solutions, today announced the entry into a definitive agreement and the contemporaneous closing of the sale of i3 Verticals' Healthcare Revenue Cycle Management (“RCM”) business, including its associated proprietary technology, to Infinx, in an all-cash transaction for $96 million, subject to post-closing purchase p.

Related News