Experity announced that it has acquired Exdion Healthcare. Financial terms of the transaction were not disclosed.
Exdion Healthcare is an AI-driven SaaS software and services company focused on the patient chart-to-cash lifecycle.
Its capabilities include coding, billing, compliance, and revenue cycle automation.
Experity said the acquisition advances its strategy to unify clinical, operational, and financial workflows with AI.
The company said the acquisition will help urgent care operators accelerate reimbursement, reduce manual work, improve financial performance, and minimize denials.
Experity is an on-demand healthcare technology platform used by nearly half of all urgent care clinics in the U.S.
The acquisition adds Exdion’s AI-driven revenue cycle management automation capabilities to Experity’s platform.
Exdion’s platform currently processes the vast majority of its patient visits autonomously.
The platform combines proprietary machine learning and domain-trained data workflows to support accuracy and efficiency while limiting manual intervention.
Experity said the combined platform can help urgent care operators achieve faster reimbursement, cleaner claims, and fewer denials.
The companies said their combined capabilities already support enterprise-level urgent care organizations.
According to Exdion, customers achieve an 86% reduction in denials, along with improvements in coding quality, charge capture, and revenue cycle velocity.
The insurance-focused affiliate of Exdion Healthcare is not included in the transaction and will continue operating independently.
TripleTree advised Experity and GTCR on the transaction.
Experity is a software and services provider for the U.S. urgent care market.
The company’s AI-native platform includes electronic medical records, practice management, patient engagement, revenue cycle management and billing, teleradiology, and business intelligence.
Experity also owns and operates Urgent Care Consultants and OnePACS.
GTCR is a private equity firm that backs Experity.
Founded in 1980, GTCR has invested more than $35 billion in over 300 companies and manages approximately $45 billion in equity capital.
KEY QUOTES:
“This marks a decisive shift from labor-intensive RCM to AI-driven workflow optimization. Over the past several years, we’ve helped clients collect billions in revenue. Together with Exdion, we’re positioned to significantly scale that impact, while reducing administrative burden, minimizing claim errors and denials, improving payment velocity, and closing gaps that lead to lost revenue.”
Jason McNeil, EVP of RCM at Experity
“The combined capabilities of Experity and Exdion deliver measurable, transformative results. Together, we already support enterprise-level urgent care organizations. Through this partnership, customers achieve an 86% reduction in denials, along with improvements in coding quality, charge capture, and revenue cycle velocity.”
Lohith Reddy, President of Exdion
“Exdion is about accelerating outcomes. We’re advancing our RCM platform with built-in intelligence that streamlines operations and drives efficiency. It’s a practical step forward for the clients we serve and a key component of our AI Operating System for On-Demand Care.”
Bobby Ghoshal, CEO of Experity
“Bringing Experity and Exdion together reflects GTCR’s Leaders Strategy in action. By partnering with exceptional management teams, we’re accelerating innovation, scaling differentiated AI capabilities, and building a unified, market-leading platform that delivers meaningful value to both patients and providers.”
Radu Cret, Principal at GTCR
