Revenue cycle management technology giant R1 RCM has received an offer from private equity firm New Mountain Capital to buy out the roughly two-thirds of shares it doesn’t already own and take the company private, according to a regulatory filing made public Monday. The firm and its affiliates currently control 32.4% of R1 RCM’s shares and are seeking to acquire the remainder for a proposed cash purchase price of $13.75 per share. The offer would total just under $5.8 billion and prices the stock at a 24% premium over Friday’s closing price. New Mountain Capital floated the offer in late January, according to a Securities and Exchange Commission filing and requested a response from R1 RCM by the end of the month.
Read the full article: Revenue Cycle Management Vendor R1 RCM Receives $5.8B Buyout Offer from Shareholder New Mountain Capital //
Source: https://www.fiercehealthcare.com/health-tech/revenue-cycle-management-company-r1-rcm-receives-58b-buyout-offer-shareholder-new