On February 26, 2024, Coliseum Capital Management, LLC announced that it has issued an open letter to R1 RCM Inc.?s Board of Directors. In the letter, Coliseum Capital states that it views the offer by New Mountain Capital, L.L.C. to acquire the Company for cash consideration of $13.75 per share significantly undervalues the Company and is not in the best interest of shareholders. The letter also expresses support for the Company?s Board of Directors, management team, and strategy for shareholder value creation.

Coliseum Capital encourages the Board of Directors to stand firm and require a materially higher price or reject the offer and stay the course as a public company.