An investigation for investors in R1 RCM Inc. (NASDAQ:RCM) shares over potential securities laws violations by R1 RCM Inc. was announced.
San Diego, CA -- (SBWIRE) -- 12/09/2022 -- R1 RCM Inc. is under investigation over potential securities laws violations 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 whether certain 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. 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:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.