RCM ONGOING INVESTIGATION: BFA Law Reminds R1 RCM Inc. (Nasdaq:RCM) Stockholders to Contact Us about Continuing Investigation into the Merger
R1 RCM R1 RCM (US:RCM) GlobeNewswire News Room·2024-07-22 10:37

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].