10:37 AM EDT, 03/19/2024 (MT Newswires) -- R1 RCM ( RCM ) said Tuesday that a special committee of independent directors called for a halt to talks between New Mountain Capital and TCP-ASC ACHI about a potential deal with respect to the company.

"As such, the special committee has not approved at this time any of the standstill waivers requested by New Mountain Capital or the waivers requested by New Mountain Capital or by TCP-ASC under antitakeover statutes," R1 RCM ( RCM ) said in a filing with the US Securities and Exchange Commission.

The special committee was formed to look into all strategic alternatives in response to the amended Schedule 13D filed by New Mountain on Feb. 26, R1 RCM ( RCM ) said, adding that TCP-ASC subsequently filed an amended Schedule 13D on March 11.

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