Brief: R1 RCM To Acquire Acclara

R1 RCM

06/12/2023 13:20

Dec 6 (Reuters) - R1 Rcm Inc  RCM.O :
    * R1 RCM TO ACQUIRE ACCLARA
    * R1 RCM HOLDCO INC - R1 WILL ACQUIRE ACCLARA FOR $675
MILLION IN
CASH AND WARRANTS TO PURCHASE 12.2 MILLION SHARES OF R1 STOCK AT
A STRIKE PRICE OF $10.52
    * R1 RCM HOLDCO INC - EXPECTS TO FINANCE TRANSACTION WITH A
NEW
TERM LOAN B ISSUED PRIOR TO CLOSE AS WELL AS ITS EXISTING
REVOLVER
    * R1 RCM HOLDCO - SEES COULD REALIZE ABOUT $30 MILLION IN
RUN-RATE
COST SYNERGIES BY 3RD YEAR AFTER CLOSE, RUN-RATE COST SYNERGIES
OF ABOUT $50 MILLION BY YEAR 5
    * R1 RCM HOLDCO-  AT CLOSING OF ACQUISITION, ACCLARA AND
PROVIDENCE WILL ENTER INTO A 10-YEAR AGREEMENT FOR COMPREHENSIVE
REVENUE CYCLE SERVICES

Source text for Eikon:  ID:nGNX1jxH1t 
Further company coverage:  RCM.O 

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