secwatch.observer — SEC 8-K summary
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Issuer:     R1 RCM Inc. /DE (—)
CIK:        0001910851
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001193125-23-275354
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 4.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

R1 RCM to restate 2021, 2022, and Q1-Q2 2023 financials due to acquisition accounting errors
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- Errors: ~$7.8M (2022) and ~$8.4M (2021) in acquiree compensation costs misclassified as goodwill.
- Restatement covers audited FY2021-22 and unaudited Q1-Q2 2023; non-reliance on prior financials.
- No material impact on 2023 revenue ($2,255M-$2,275M) or adjusted EBITDA ($600M-$615M); reaffirmed.
- Material weakness identified in internal controls over business combination accounting.
- No cash impact, no misconduct or override of controls; errors proactively identified internally.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1910851/000119312523275354/0001193125-23-275354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1910851/000119312523275354/d89873d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-275354

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