R1 RCM said Monday a committee of its independent directors would review private equity firm New Mountain Capital's offer to acquire the company for $5.8 billion.
Late last month, shareholder New Mountain offered to acquire the revenue cycle management firm's outstanding shares for $13.75 per share and take the company private. As of February, New Mountain owned more than 32% of R1's 419 million shares and was its largest shareholder.
Related article: R1 RCM considers $5.8B buyout from New Mountain Capital
"R1 welcomes open, constructive communications with all stockholders and encourages input that advances our shared goal of enhancing stockholder value," R1 RCM said in a news release.
A timeline for the committee's review was not announced.
R1 RCM did not immediately respond to a request for comment.
