R1 RCM Allowing Major Shareholders to Discuss Buyout Bid

R1 RCM is allowing its two biggest shareholders to discuss a potential joint buyout of the company, according to a regulatory filing. In February, private equity firm New Mountain Capital and TCP-ASC — an investment vehicle jointly owned by TowerBrook Capital Partners and Ascension Health Alliance — said they were considering a potential cash offer for all of R1’s outstanding stock. New Mountain said in an April 29 regulatory filing that it remains interested in a potential buyout offer, but is “now only interested in pursuing such a transaction jointly with TCP-ASC.” New Mountain said it has not had discussions with TCP-ASC since March 18.

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Source: https://www.beckershospitalreview.com/finance/r1-rcm-allowing-major-shareholders-to-discuss-buyout-bid.html

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