R1 RCM slides on 2022 sales forecast cut

R1 RCM

08/11/2022 13:52

** Healthcare service provider R1 RCM Inc's shares  RCM.O 
fall 42% to $8.70 - biggest pct. loser across U.S. stock
exchanges premarket
    ** Co lowers 2022 revenue forecast to $1.79 bln to $1.8 bln
from $1.85 bln to $1.87 bln  urn:newsml:reuters.com:*:nGNXWtGqV
    ** Co now expects to make 2022 operating loss of $8 mln to
$13 mln vs operating income of $55 mln to $65 mln
    ** Up to Monday's close, stock had slipped ~42% YTD 
 (Reporting by Khushi Mandowara)
 ((Khushi.Mandowara@thomsonreuters.com;))