Healthcare DIVE February 26, 2024
The private equity firm’s offer represents a 24% premium to R1’s closing price on Friday, but could be undervaluing the company, analysts said.
Dive Brief:
- New Mountain Capital is offering to buy out other investors in revenue cycle management giant R1 RCM for $13.75 a share in cash.
- The private equity firm’s offer represents a 24% premium to R1’s closing price on Friday, but could be undervaluing the company, analysts said.
- New Mountain, which owns about a third of R1’s shares, has been engaged in discussions with other investors on a potential transaction for several weeks, according to a Monday filing with the Securities and Exchange Commission.
Dive Insight:
New Mountain has been exploring a buyout of R1...