R1 RCM (RCM) Announces Proposed 15M Share Secondary Offering by Selling Shareholders

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Go back to R1 RCM (RCM) Announces Proposed 15M Share Secondary Offering by Selling Shareholders

R1 RCM Announces Commencement of Secondary Offering by Selling Stockholders

May 25, 2021 5:01 PM EDT

CHICAGO, May 25, 2021 (GLOBE NEWSWIRE) -- R1 RCM Inc. (R1 RCM or the Company) (NASDAQ: RCM) announced the commencement of an underwritten offering of an aggregate of 15,000,000 shares of its common stock by selling stockholders. The selling stockholders are TCP-ASC ACHI Series LLLP (TCP-ASC), a Delaware series limited liability limited partnership jointly owned by Ascension Health Alliance and investment funds affiliated with TowerBrook Capital Partners, L.P., and Joseph Flanagan, the President and Chief Executive Officer of the Company. The underwriters will have a 30-day option to purchase up to an additional 2,250,000 shares of... More