R1 RCM Inc. (RCM) reported $656.8 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 14.7%. EPS of -$0.05 for the same period compares to $0.00 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $634.24 million, representing a surprise of +3.56%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being -$0.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

R1 RCM Inc. (RCM) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.02, delivering a surprise of 60%.Over the last four quarters, the company has surpassed ...

Financial Performance - Revenue for Q3 2024 was $656.8 million, an increase of $84.0 million or 14.7% year-over-year[1] - GAAP net loss for the quarter was $19.9 million, compared to a net income of $1.3 million in the same period last year[2] - Adjusted EBITDA for Q3 2024 was $148.2 million, down from $161.5 million in the same period last year[2] - Net operating fees for Q3 2024 reached $413.0 million, a 12.2% increase from $368.0 million in Q3 2023[12] - Net services revenue for the nine months ended September 30, 2024, was $1,888.6 million, up 12.4% from $1,679.1 million in the same period of 2023[12] - Adjusted EBITDA for the nine months ended September 30, 2024, was $456.5 million, a 2% increase from $446.6 million in the same period of 2023[14] - Total operating expenses increased to $641.0 million in Q3 2024, compared to $531.6 million in Q3 2023, reflecting a 20.6% rise[12] - The company reported a net loss of $19.9 million for Q3 2024, compared to a net income of $1.3 million in Q3 2023[12] Assets and Liabilities - Total assets as of September 30, 2024, were $5,749.3 million, compared to $4,960.2 million as of December 31, 2023[11] - Total liabilities increased to $2,938.2 million as of September 30, 2024, from $2,208.8 million at the end of 2023[11] - Stockholders' equity as of September 30, 2024, was $2,811.1 million, compared to $2,751.4 million at the end of 2023[11] - Total debt increased to $2,236.6 million as of September 30, 2024, up from $1,656.3 million on December 31, 2023, representing a growth of approximately 34.9%[17] - Net debt rose to $2,069.3 million, compared to $1,482.7 million at the end of 2023, indicating an increase of about 39.5%[17] Cash Flow - Cash provided by operating activities for the nine months ended September 30, 2024, was $172.6 million, down from $221.3 million in the same period of 2023[13] - The company acquired Acclara for $662.0 million, impacting cash used in investing activities significantly[13] - Net cash provided by financing activities was $574.3 million for the nine months ended September 30, 2024, compared to a net cash used of $90.5 million in the same period of 2023[13] - The company’s cash, cash equivalents, and restricted cash at the end of the period totaled $167.3 million, slightly up from $164.9 million at the end of Q3 2023[13] - Cash and cash equivalents decreased slightly to $167.3 million from $173.6 million, reflecting a decline of around 3.6%[17] Strategic Initiatives - The company is not providing financial guidance due to the proposed acquisition of R1[3] - The company experienced impacts to both revenue and costs due to recent vendor and customer outages[2] - The company is focused on onboarding a new end-to-end partner while managing technology outages[3] - The company is actively pursuing the acquisition of Acclara and other strategic initiatives to enhance its business[9] - The company plans to continue focusing on market expansion and new product development to drive future growth[12]

For the quarter ended June 2024, R1 RCM Inc. (RCM) reported revenue of $627.9 million, up 12% over the same period last year. EPS came in at -$0.02, compared to $0.00 in the year-ago quarter. The reported revenue represents a surprise of -1.21% over the Zacks Consensus Estimate of $635.6 million. With the consensus EPS estimate being -$0.05, the EPS surprise was +60.00%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

R1 RCM Inc. (RCM) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to break-even earnings per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.08, delivering a surprise of -60%. Over the last four quarters, the company has surpassed c ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating claims on behalf of investors in R1 RCM Inc. (NASDAQ:RCM) concerning the acquisition of R1 RCM by its significant shareholder, TowerBrook Capital Partners L.P. Under the terms of the acquisition, R1 RCM shareholders would receive $14.30 per share in cash. According to Wolf Popper partner Carl Stine, "The deal price of $14.30 per share seems unfairly low. It is significantly below R1 RCM's 52-week high stock price of $18.54 per shar ...

MURRAY, Utah, Aug. 01, 2024 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ:RCM) ("R1" or the "Company"), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, today announced that it has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice ("CD&R"), in an all-cash transaction with an enterprise value of approximately $8.9 billion. An investm ...

MURRAY, Utah, July 24, 2024 (GLOBE NEWSWIRE) -- The Special Committee of the R1 RCM Inc. (NASDAQ:RCM) ("R1" or the "Company") Board of Directors, which comprises independent directors and was formed to evaluate strategic alternatives in response to the Schedule 13D/A filed by New Mountain Capital, L.L.C. ("New Mountain Capital") with the Securities and Exchange Commission on February 26, 2024, today announced it has set a final deadline for interested parties to submit fully-financed bids on July 31, 2024 i ...

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating the acquisition of R1 RCM Inc. by New Mountain Capital at a price of $13.25 per share, raising concerns about potential breaches of fiduciary duties by the involved parties [1][2]. Group 1: Acquisition Details - R1 RCM is primarily controlled by New Mountain Capital and TowerBrook, holding 68% of the total voting power [2]. - On July 2, 2024, New Mountain Capital proposed to acquire all remaining shares of R1 RCM for $13.25 per share, inviting TowerBrook to rollover its stock into the post-acquisition company [2]. - If the proposal is accepted, minority shareholders would be cashed out, losing any future upside potential in the private company [2]. Group 2: Legal Implications - BFA is concerned that the approval of the acquisition could constitute a breach of fiduciary duties by New Mountain Capital, TowerBrook, and R1 RCM's board members, potentially favoring the interests of the majority shareholders [2]. - Shareholders are encouraged to submit their information to understand their rights regarding the acquisition [3]. Group 3: BFA's Background - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm specializing in securities class actions and shareholder litigation, having achieved significant recoveries in past cases [6].

NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP is investigating the R1 RCM Inc. (Nasdaq:RCM) acquisition by New Mountain Capital for $13.25 per share. If you invested in R1 RCM, you are encouraged to obtain additional information by visiting 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 through their collective ownership of Company stoc ...