R1 RCM falls on plans to buy Cloudmed in $4.1 bln deal

R1 RCM

10/01/2022 15:30

** Shares of healthcare financial solutions firm R1 RCM Inc
 RCM.O  fall 4% to $22.42 in early trading
    ** Co announces plans to acquire peer Cloudmed in all-stock
deal worth about $4.1 bln, including debt  urn:newsml:reuters.com:*:nL4N2TQ2TK
    ** Deal is expected to close in Q2 2022, after which it
would be accretive to EPS in the first full year, R1 says
    ** Upon the deal's closing, R1 shareholders will own ~70% of
the combined co on a fully diluted basis and Cloudmed equity
holders will own the rest 
    ** In 2021, RCM gained 6.1%

 (Reporting by Eva Mathews in Bengaluru)
 ((eva.mathews@thomsonreuters.com))