Sunbound Expands Its AI-Powered Revenue Platform through Acquisition of Richter Healthcare, Secures $24 Million Series A

Sunbound, the AI-driven revenue operations platform designed for senior living providers, has completed the strategic acquisition of Richter Healthcare Consultants, a longtime specialist in outsourced revenue cycle management, Medicaid eligibility, accounting, and clinical and financial consulting for post-acute and senior living operators. Richter’s founder and CEO, Jennifer Richter, CPA, will stay with the combined entity in a new role focused on industry partnerships and product strategy.

Financial terms of the deal were not disclosed. The acquisition follows Sunbound’s closing of a $24 million Series A round, increasing total funding to $36 million with lead investor TTV Capital and participation from Bling Capital, Fika Ventures, Live Oak Bank, and Ziegler Linkage Fund. The new capital will accelerate growth and product development as Sunbound deepens its service offerings. The combined company aims to. scale to processing about $3 billion in annualized payment volume, bolstered by Richter’s extensive experience serving skilled nursing, senior living, home health, and hospice operators.

Sunbound CEO Manny Cominsky highlighted the need for a modern, integrated solution that reduces manual workflows and improves cash flow for operators and their families. Through the alliance, the two teams will deliver a unified revenue cycle solution—from admission to payment—backed by an expert workforce accountable for results, with clients experiencing no service interruptions during the transition.

Richter emphasized that modern technology will amplify the value of its established services, enabling faster results and allowing staff to concentrate on high-value activities. Neurological healthcare finance investor Neil Kapur of TTV Capital commented that Sunbound’s AI-powered system brings structure and predictability to a historically complex sector and signaled strong product-market fit as the company expands into broader senior living and skilled nursing markets.

Richter’s practice, now powered by Sunbound, delivers revenue cycle and advisory services across financial, clinical, and operational domains for care providers nationwide, while Sunbound’s platform unifies admissions, private pay, and end-to-end RCM with working capital optimization. The combined entity promises seamless continuity for clients and a faster path to improved financial outcomes, with a shared commitment to operational excellence and accountability.