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Stock impact report

TowerBrook and CD&R Complete Acquisition of R1 RCM [Yahoo! Finance]

R1 RCM Inc. (RCM) 
Last r1 rcm inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
MURRAY, Utah, Nov. 19, 2024 (GLOBE NEWSWIRE) -- R1 RCM Inc. (“R1”), a leader in automating revenue management for healthcare providers, today announced that investment funds affiliated with TowerBrook Capital Partners (“TowerBrook”) and Clayton, Dubilier & Rice (“CD&R”) have completed their previously announced acquisition of R1. On August 1, 2024, TowerBrook, CD&R and R1 announced that they had entered into a definitive merger agreement under which all outstanding shares of R1 common stock that TowerBrook did not own would be acquired for $14.30 per share in cash, valuing R1 at approximately $8.9 billion. With the completion of the transaction, R1's common stock has ceased trading and will no longer be listed on Nasdaq. R1 also intends to make the applicable filings with the U.S. Securities and Exchange Commission to suspend its periodic reporting obligations. In connection with the closing of the transaction, Joe Flanagan became Chief Executive Officer of R1, replacing Lee Ri Show less Read more
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