R1 RCM shares are trading lower after the company announced that discussions have not resulted in any agreement and New Mountain Capital is no longer interested in pursuing a joint proposal with TCP-ASC.
Portfolio Pulse from Benzinga Newsdesk
R1 RCM shares are trading lower after the company announced that discussions have not resulted in any agreement and New Mountain Capital is no longer interested in pursuing a joint proposal with TCP-ASC.
July 02, 2024 | 11:42 am
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R1 RCM shares are trading lower after the company announced that discussions have not resulted in any agreement and New Mountain Capital is no longer interested in pursuing a joint proposal with TCP-ASC.
The withdrawal of New Mountain Capital from the joint proposal with TCP-ASC is a significant setback for R1 RCM, leading to a negative market reaction and a drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100