secwatch.observer — SEC 8-K summary
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Issuer:     R1 RCM Inc. /DE (—)
CIK:        0001910851
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001628280-24-021362
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

R1 RCM Q1 revenue up 10.7% to $603.9M; GAAP net loss of $35.1M on cyberattack impact
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- Revenue $603.9M (+10.7% YoY); GAAP net loss $35.1M vs net income $1.6M prior year.
- Adjusted EBITDA $152.2M vs $142.2M prior year; $9.5M hit from Change Healthcare cyberattack and modular customer bankruptcy.
- FY2024 guidance updated: revenue $2.60-$2.64B; adjusted EBITDA $625-$650M.
- Onboarding of largest new customer began during Q1; CEO cites platform strength and flexibility.
- Operating income guidance lowered to $85-$105M due to cyberattack and customer bankruptcy impacts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1910851/000162828024021362/0001628280-24-021362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1910851/000162828024021362/achi-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021362

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