Nashville, Tennessee, May 6, 2025 – (Business Wire)-I3 Verticals, Inc. (“I3 Verticals” or “Company”) (NASDAQ: IIIV), and INFINX, Inc. (“Infinx”) is the leader of AI-powered Revenue Cycle Management Solutions (“Infinx”). Businesses that include proprietary Cycle Management (“RCM”)-related technologies will become Infinx with a full-speed $96 million deal, subject to purchase price adjustments after closing. The company will provide more detailed information via quarterly meeting phone calls on Friday, May 9, 2025 at 8:30am ET.
“A few years ago, we set out to build a platform to provide great revenue cycle management solutions for the healthcare industry. We are proud to continue to believe this is an attractive market. What's great about Infinx.
“After the sale, we will be fully streamlined and focused on the verticals of the public sector, including the K-12 public education market. By focusing our efforts on this target area, we will maximize our growth potential and provide the best possible service to our customers.
Jaideep Tandon, Chairman and CEO of Infinx, stated, “We're thrilled to welcome the i3 Verticals Healthcare RCM team and their customers into the Infinx family. Their deep experience supporting Academic Medical Centers, along with the strong and trusted relationships they've built over time, is a powerful completion to our mission. By combining their domain expertise with our AI-powered RCM Insights, patient access, and automation solutions, we look To work with them to bring meaningful financial and clinical outcomes to healthcare providers across the country.”
Advisor
Raymond James & Associates, Inc. was financial advisor to Berry and Sims at i3 Verticals and Bass, and PLC served as legal advisor to I3 Verticals.
Stinson LLP served as legal counsel for Infinx.
About i3 vertical
The company offers seamless enterprise software to its strategic vertical market customers. Based on a sophisticated and diverse software and service solutions platform, the company creates and acquires software products to meet the specific needs of public and private organizations in the public sector (including K-12 public education).
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About infinx
Founded in 2012, Infinx offers a scalable, AI-driven solution to optimize the financial lifecycle of healthcare providers across all functions of patient access and revenue cycle management. Cloud-based software powered by AI and automation is utilized by experienced consultants and billing specialists in the US, India and the Philippines. INFINX helps 172,000 healthcare professionals across 4,000 facilities to earn more revenue, stay ahead of regulatory changes and payer guidelines, and focus on patient care.
Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act 1933, Section 21E of the Securities Exchange Act 1934, and Section 21E as amended, and the Private Securities Litigation Reform Act 1995, with risks and uncertainties.
The fact that they are not strictly related to historical or current facts allows for the identification of forward-looking statements. These statements include words such as “expectation,” “estimate,” “expectation,” “project,” “plan,” “believe,” “will,” “will,” “will,” “possibility,” “super,” “substantial,” “possibility,” “possibility,” and terms with similar meanings.
These forward-looking statements are based on the company's current beliefs, understanding and expectations. These forward-looking statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties. Many of these are beyond the control of the company, and actual results may differ materially from those envisaged in these forward-looking statements. Factors that could cause actual results to different materially from those expressed or implied include risks associated with the Company's ability to execute on its strategy and achieve its goals and other expectations after completion of these transactions and risks related to the ancillary agreements entered at the closing of these transactions, as well as the risks set forth in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange Commission on November 25, 2024, our quarterly report on Form 10-Q for the fiscal quarter ended December 31, 2024 was filed with the Securities and Exchange Commission on February 7, 2025 and filed with the Securities and Exchange Commission on other filings of the company.
The forward-looking statements made by the Company in this press release will be made only as of the date of this press release and the Company has no obligation to publish forward-looking statements as new information, future developments, or other consequences, except as required by law.
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