Investment funds to take healthcare tech company R1 RCM private in nearly $9B deal
The healthcare tech company R1 RCM will be acquired for $9 billion and taken private by investment funds
By Associated Press
Published - Aug 01, 2024, 01:41 PM ET
Last Updated - Aug 01, 2024, 01:41 PM EDT
The healthcare tech company R1 RCM will be acquired for $9 billion and taken private by investment funds.
The Utah company's stock jumped Thursday morning after it said investment funds tied to TowerBrook Capital Partners and Clayton, Dubilier & Rice will pay $14.30 per share in cash for the company.
TowerBrook already has a 36% stake in the company.
The deal is valued at around $8.9 billion. The per-share price represents a roughly 29% premium to where the stock traded in late February, before New Mountain Capital disclosed an initial non-binding deal proposal.
