Bala Cynwyd, Pennsylvania--(Newsfile Corp. - August 1, 2024) - Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of R1 RCM Inc. ("R1" or the "Company") (NASDAQ: RCM) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice ("Buyers"). TowerBrook is currently the beneficial owner of approximately 36% of the Company's outstanding shares of common stock. Under the terms of the agreement, Buyers will acquire all the outstanding common stock for $14.30 per share, in a deal with an enterprise value of approximately $8.9 billion.
The investigation concerns whether R1 Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Buyers are paying fair value to shareholders of the Company.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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