secwatch.observer — SEC 8-K summary
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Issuer:     R1 RCM Inc. /DE (—)
CIK:        0001910851
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001193125-24-009278
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 5.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

R1 RCM closes $675M cash-plus-warrant acquisition of Acclara; enters 10-year Providence partnership
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- Acquisition closed: $675M cash + warrant for 12.2M shares at $10.52 strike price, subject to 3-year lock-up.
- Financed with $575M in new Term B Loans plus revolver draws and cash on hand.
- Expects Acclara/Providence partnership to contribute >$625M revenue and ~$185M Adjusted EBITDA by year five.
- Entered 10-year revenue cycle management agreement with Providence; agreements effective at closing.
- Erik G. Wexler, Providence President and COO, appointed to Board under Nomination Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1910851/000119312524009278/0001193125-24-009278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1910851/000119312524009278/d731628d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-009278

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