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R1 RCM Posts Q2 Loss, Revenue Increases
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R1 RCM Posts Q2 Loss, Revenue Increases
Aug 7, 2024 5:31 AM

08:09 AM EDT, 08/07/2024 (MT Newswires) -- R1 RCM ( RCM ) reported a Q2 loss Wednesday of $0.02 per diluted share, compared with breakeven a year earlier.

Analysts polled by Capital IQ expected a loss of $0.05.

Net services revenue for the quarter ended June 30 was $627.9 million, compared with $560.7 million a year earlier.

Analysts surveyed by Capital IQ expected $633.1 million.

The company did not provide financial guidance due to its recently announced deal. Earlier this month, the company said it has agreed to be acquired by investment funds affiliated with TowerBrook Capital and Clayton, Dubilier & Rice in an all-cash transaction.

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