July 3 (Reuters) - Private-equity firm New Mountain
Capital has submitted a buyout proposal for healthcare services
provider R1 RCM ( RCM ) in an all-cash deal, valuing the company
at nearly $6 billion as per a filing on Tuesday.
New Mountain Capital submitted an all-cash proposal to
acquire all of the Utah-based company's outstanding shares it
does not already own for a proposed price of $13.25 apiece.
R1 RCM ( RCM ) did not immediately respond to a Reuters request
for comment.
In February, a group of R1 RCM's ( RCM ) investors led by New
Mountain had
submitted a draft proposal
to acquire all of the company's outstanding shares not
owned by the investors for a proposed price of $13.75 per share
in cash.
New Mountain, however, said on July 1 that it was no
longer interested in the joint proposal for the take-private
deal.
The current valuation of the healthcare service provider
stands at $4.59 billion, as per LSEG. Its shares have gained a
little over 5% so far this year.
According to the filing, R1 RCM ( RCM ) has not provided any
response to the private equity firm.