Deals
TowerBrook, CD&R in Advanced Talks to Make Offer for Health IT Firm R1 RCM
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TowerBrook Capital Partners has teamed up with Clayton, Dubilier & Rice to make a joint offer for R1 RCM Inc. that could kick off a bidding war for the health-care IT company.
The buyout firms are in advanced talks about finalizing their proposal to take the company private, according to a filing on Friday that confirmed a Bloomberg News report. They’ve pledged to make an offer that tops a $13.25-a-share bid made by New Mountain Capital, the filing shows.