TECH - Healthcare IT-R1 RCM's Shareholder Says $13.75/Share Deal Offer Significantly Undervalues The Company | Benzinga
Tuesday, Coliseum Capital Management, one of the largest shareholders of R1 RCM Inc (NASDAQ:RCM), issued an open letter to the company’s Board of Directors.
In its letter, Coliseum states that it believes the offer by New Mountain Capital to acquire the company for a cash consideration of $13.75 per share significantly undervalues the company.
The letter also expresses support for R1 RCM’s Board of Directors, management team, and strategy for shareholder value creation.
Coliseum encourages the Board of Directors to stand firm and require a higher price ...