BFA Law announces an investigation

NEW YORK, July 8, 2024 (GLOBE NEWSWIRE) — Top law firm Bleichmar Fonti & Auld LLP is investigating New Mountain Capital’s acquisition of R1 RCM Inc. (NYSE:RCM) for $13.25 per share.

If you have invested in R1 RCM, you can obtain further information at the following address: https://www.bfalaw.com/cases-investigations/r1-rcm-inc.

Why is R1 RCM being investigated by BFA Law?

R1 RCM is controlled by funds affiliated with New Mountain Capital and TowerBrook, as they collectively own 68% of the total voting rights. On July 2, 2024, New Mountain Capital’s investment funds submitted a takeover proposal to the Special Committee of R1 RCM’s Board of Directors. The non-binding proposal calls for the acquisition of all shares that New Mountain Capital does not own for $13.25 per share, while requiring TowerBrook to transfer all or a portion of its shares to the post-market company. Should the Special Committee accept the proposal, the minority shareholders will be paid out and will not be able to secure any future benefits from the private company.

BFA is concerned that New Mountain Capital and TowerBrook, as well as members of the Board of Directors of R1 RCM, may breach their fiduciary duty by agreeing to an unfair merger transaction in favour of New Mountain Capital and TowerBrook.

Shareholders are encouraged to submit their information to learn about their rights.

Submit your information here: https://www.bfalaw.com/cases-investigations/r1-rcm-inc.

Next Steps:

If you currently own shares of R1 RCM, you may have legal options available to you, in which case you are encouraged to contact the company.

All representation is on a contingency basis. There are no costs for you. Shareholders will not be responsible for any court or litigation costs. The Company will seek court approval for any fees and costs.

To speak with an attorney and get more information, visit:

https://www.bfalaw.com/cases-investigations/r1-rcm-inc

Or contact us:
Ross Shikowitz
[email protected]
212-789-2303

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in class actions and shareholder litigation. It was named a Top 5 Plaintiffs Firm for 2023 by ISS SCAS and its lawyers have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Recent notable successes include BFA recovering over $900 million in value from the board of Tesla, Inc. (subject to court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, visit https://www.bfalaw.com.

https://www.bfalaw.com/cases-investigations/r1-rcm-inc

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