Becker's Healthcare March 20, 2024
Andrew Cass

R1 RCM told major shareholders New Mountain Capital and TCP-ASC to halt discussions of a potential buyout of the company.

The revenue cycle management company announced March 11 that it formed a special committee of independent directors to evaluate “strategic alternatives” in the wake of the two shareholders mulling an offer to take the company private.

In a March 19 filing with the U.S. Securities and Exchange Commission, R1 RCM said that as the special committee “works through its thorough process to determine a course of action to maximize value for all shareholders, they have directed that any discussions between New Mountain Capital and TCP-ASC concerning a potential transaction with respect to the company (whether or not structured...

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Topics: Mergers & Acquisitions / JV, RCM (Revenue Cycle Mgmt), Technology, Trends
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