LOS ANGELES, Oct. 20, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises R1 RCM Inc. (“RCM” or “the Company”) (NASDAQ: RCM) investors that the firm has initiated an investigation into possible securities violations and may file a class action on behalf of investors.

The report detailed its reasons for shorting RCM stock, calling the Company “uninvestible.” On this news, the price of RCM shares declined by $0.39 per share, or approximately 14.1%, from $12.11 per share to close at $11.72 on October 17, 2023.

NEW YORK, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of R1 RCM Inc. (“RCM” or the “Company”) (NASDAQ: RCM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888 …

Nov 8, 2023 · The investigation concerns whether RCM and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

On October 16, 2023, Jehoshaphat Research published a report alleging, among other things, that RCM’s “revenues and profits are grossly overstated,” that certain reported revenue growth has been “derived from inputs based on assumptions about future collections” which will eventually “collapse,” and that the Company’s revenue is “chronically inf...

On July 31, 2024, R1 RCM Inc. (R1) announced that they have entered into a definitive agreement pursuant to which investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice will acquire R1, a leading provider of technology-driven solutions that transform the patient experience and financial performance of ...

Aug 6, 2024 · Wolf Popper LLP is investigating claims on behalf of investors in R1 RCM Inc. (NASDAQ: RCM) concerning the acquisition of R1 RCM by its significant shareholder, TowerBrook Capital Partners L.P. Under the terms of the acquisition, R1 RCM shareholders would receive $14.30 per share in cash.

Then, on November 13, 2023, RCM disclosed that it had identified errors related to the accounting for certain acquiree compensation costs and would be restating previously issued financial...

In response, the price of R1 RCM shares fell about 8% on Oct. 16, 2023. “We’re focused on investors’ losses and investigating whether R1 RCM may have engaged in improper revenue recognition practices,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

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