R1 RCM (RCM) said Tuesday its acquisition has been completed by investment funds affiliated with TowerBrook Capital Partners and Clayton Dubilier & Rice.
Under the definitive merger agreement announced Aug. 1, all outstanding R1 common shares that TowerBrook didn't own would be acquired for $14.30 per share in cash, valuing the company at about $8.9 billion, R1 said.
R1 said it has become a privately held company and its common stock will no longer be listed on Nasdaq.
The company said Joe Flanagan has been named as its chief executive, replacing Lee Rivas.
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