Maksim Labkouski/iStock via Getty Images R1 RCM ( NASDAQ: RCM ) rose 4% after a waiver was granted that extended the time top holders have to discuss a takeover bid for the healthcare IT company by a month. Top holders TCP-ASC and New Mountain Capital now have until July 12 to continue discussions on a potential offer for the R1 RCM ( RCM ) after the deadline expired this week, according to a 13D filing on Thursday. Last month, R1 RCM holder TCP-ASC was granted a waiver so it could join with New Mountain Capital for a takeover bid.
Private-equity firm New Mountain Capital, which owns a more than 32% stake in R1, ( RCM ) said in April that it only wants to pursue a takeover of the firm jointly with TCP-ASC , which is owned by TowerBrook. TowerBrook owns a 36% stake. R1 RCM in March announced the formation of a special committee comprised solely of independent directors to evaluate strategic alternatives in response to the New Mountain Capital offer in February.
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