Investigation announced for Investors in shares of R1 RCM Inc. (NASDAQ: RCM) over possible Violations of Securities Laws

An investigation was announced over potential securities laws violations by R1 RCM Inc. and certain of its directors and officers in connection with certain financial statements.

Investors who purchased shares of R1 RCM Inc. (NASDAQ: RCM), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of R1 RCM Inc. (NASDAQ: RCM) concerning whether a series of statements by R1 RCM Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Chicago, IL based R1 RCM Inc. provides revenue cycle management (RCM) for healthcare providers in the United States. R1 RCM Inc. reported that its annual Total Revenue rose from over $1.27 billion in 2020, to over $1.47 billion in 2021, and that its Net Income declined from $117.1 million in 2020 to $97.20 million in 2021.

On November 8, 2022, R1 RCM Corp. reported third-quarter operating results. The Company reported a GAAP net loss of $29.5 million, compared to net income of $17.0 million in the same period last year. The Company stated that the GAAP net loss was negatively impacted by a $9.5 million increase in the allowance for credit losses. The Company also reported that Chief Executive Joe Flanagan will step down from the role after almost 10 years with the company. Following this news, the stock was trading down over 52% in mid-day trading.

Shares of R1 RCM Inc. (NASDAQ: RCM) declined to as low as $6.71 per share on November 09, 2022.

Those who purchased shares of R1 RCM Inc. (NASDAQ: RCM), have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.