SEATTLE and LONDON (October 16, 2025) - Perkins Coie is pleased to have advised R1, an industry leader in managing and intelligently automating healthcare revenue management, in its agreement to acquire Phare Health Ltd, a healthcare technology company building AI-native solutions for inpatient coding and clinical documentation improvement.
The transaction marks a significant step in advancing R1’s strategy to leverage cutting-edge AI capabilities to comprehensively automate the revenue cycle and move closer to real-time adjudication of medical claims. For further information, see R1’s announcement here.
Phare Health was founded by a team of healthcare and AI leaders, bringing experience from Google DeepMind and prominent AI research institutions. The company uses a transformative approach to tackle the most complex inpatient coding cases. Unlike traditional systems that rely on keyword extraction, Phare Health’s AI engine reads all unstructured and structured data points to build a holistic fingerprint of the patient journey.
The Perkins Coie advisory team included partners Nick Ferrer, Ian Bagshaw, Barry O’Driscoll, Sam Hong, Lisa McGimpsey and Bryan Smith, as well as counsels Ivo Basoski and Min Woo, and associates Katherine Joseph and Crystal Okwurionu.
