Simpson Thacher Represents Underwriters in $388 Million Secondary Offering of R1 RCM’s Common Stock
06.02.21
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Simpson Thacher represented the underwriters in connection with the public offering by certain selling stockholders of an aggregate of 17,250,000 shares of R1 RCM Inc.’s (“R1 RCM”) common stock, which includes the full exercise of the underwriters’ option to purchase additional shares. The selling stockholders received all of the $388 million in gross proceeds from the offering.
R1 RCM (NASDAQ: RCM) is a leading provider of technology-driven solutions that transform the patient experience and financial performance of hospitals, health systems and medical groups. R1 RCM’s proven and scalable operating models seamlessly complement a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash flows while reducing operating costs and enhancing the patient experience.
The Simpson Thacher team included Joe Kaufman, Ryan Bekkerus and Tommy Garber (Capital Markets); Russell Light, Joseph Tootle and Scott Grundei (Tax); Jamin Koslowe and Alyssa Ohanian (Executive Compensation and Employee Benefits); Alysha Sekhon (Intellectual Property); and Jennie Getsin (FINRA & Blue Sky).