secwatch.observer — SEC 8-K summary
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Issuer:     R1 RCM Inc. /DE (—)
CIK:        0001910851
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001193125-24-261654
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 3.03, 5.01, 5.02, 5.03, 2.03, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TowerBrook and CD&R complete $8.9B acquisition of R1 RCM; stock delisted, Flanagan returns as CEO
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- All outstanding R1 shares acquired for $14.30 per share, valuing the company at approximately $8.9 billion.
- R1 common stock ceased trading on Nasdaq; company will deregister and suspend SEC reporting.
- Joe Flanagan reappointed as CEO, replacing Lee Rivas; Flanagan previously served as CEO from May 2016 to Jan 2023.
- New $2.8B senior secured term loan, $200M delayed draw term loan, and $687.5M revolver; $1.3B of 6.875% Senior Secured Notes due 2031 issued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1910851/000119312524261654/0001193125-24-261654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1910851/000119312524261654/d845809d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-261654

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer