Investigation announced for Investors in R1 RCM Inc. (NASDAQ: RCM) over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at R1 RCM Inc.

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 concerns whether certain R1 RCM Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Murray, UT based R1 RCM Inc. provides technology-driven solutions that transform the patient experience and financial performance of hospitals, health systems, and physician groups. R1 RCM Inc. reported that its annual Total Revenue rose from over $1.47 billion in 2021 to over $1.8 billion in 2022, and that its Net Income of $97.2 million in 2021 declined to a Net Loss of $5.76 million in 2022.

On October 16, 2023, Jehoshaphat Research issued a report alleging accounting issues, conflicts of interest, and governance concerns at R1 RCM, Inc. The Jehoshaphat Report claims that "RCM's revenues and profits are grossly overstated by a variety of desperate accounting measures, and that horrific corporate governance has allowed this to happen."

Shares of R1 RCM Inc. (NASDAQ: RCM) declined from $18.69 per share on July 03, 2023, to $11.02 per share on October 18, 2023.

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.