R1 RCM Holders Discuss Take Private of Health-Care IT Firm (2)

Feb. 26, 2024, 6:13 PM UTC

R1 RCM Inc.’s biggest shareholder has discussed taking the health-care technology firm private.

New Mountain Capital LLC, which holds 32.4% of R1, informed the company it’s been considering options including a potential cash offer of $13.75 per share for the stock it doesn’t already own, according to a filing on Monday.

New Mountain has in recent weeks discussed the possible bid with fellow R1 investor TCP-ASC, an investment vehicle jointly owned by TowerBrook Capital Partners and Ascension Health Alliance. TowerBrook owns 29.6% of R1, Bloomberg-compiled data show.

In its filing, New Mountain said it’s in the best ...

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