Deutsche Bank downgraded R1 RCM to Hold from Buy with a $15 price target after the majority private equity holders noted in a form 13 that majority owner New Mountain Capital submitted a proposal to acquire the company’s common stock not owned by the investors at a purchase price of $13.75 per share in cash. The firm, which recently reduced its estimates to below consensus to be on the conservative side, sees a takeout now being priced in, the analyst tells investors.
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