TowerBrook and CD&R completed the acquisition of R1 RCM for $8.9bn.

TowerBrook, an investment management firm, and CD&R, an American private equity company, completed the acquisition of R1 RCM, an American revenue cycle management company, for $8.9bn. “R1 stands apart as the premier revenue management platform, leveraging advanced automation to set new standards in healthcare revenue performance. TowerBrook and CD&R's investment will propel our innovation as we expand our intelligent automation capabilities and drive customer value. On behalf of the Board, I thank Lee for his invaluable contributions and wish him continued success. I'm enthusiastic about our strengths and opportunities to serve the broader market and maintain our steadfast commitment to customers' success," Joe Flanagan, R1 RCM CEO.