Coliseum Capital Issues Letter to Board of R1 RCM (RCM) $13.75/sh Acquisition Offer
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Coliseum Capital Issues Open Letter to Board of R1 RCM on Offer by New Mountain to Acquire the Company for $13.75 Per Share
February 26, 2024 3:54 PM ESTBelieves Offer Significantly Undervalues R1 RCM
Expresses Support for Companys Board, Management, and Strategy
ROWAYTON, Conn.--(BUSINESS WIRE)-- Coliseum Capital Management, LLC (Coliseum), one of the largest shareholders of R1 RCM Inc. (NASDAQ: RCM) (Company), today announced that it has issued an open letter to the Companys Board of Directors.
In its letter, Coliseum states that it believes the offer by New Mountain Capital, L.L.C. to acquire the Company for cash consideration of $13.75 per share significantly undervalues... More
