RADNOR, Pa., Nov. 22, 2022 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of R1 RCM Inc. RCM (“R1 RCM”).
On November 8, 2022, R1 RCM reported its third-quarter operating results and revealed a GAAP net loss of $29.5 million, compared to net income of $17.0 million in the same period last year. In addressing these results, R1 RCM stated that the GAAP net loss was negatively impacted by a $9.5 million increase in the allowance for credit losses. Additionally, R1 RCM reported that Chief Executive, Joe Flanagan, will step down from the role after almost 10 years with R1 RCM. Following all this surprising news, R1 RCM stock was trading down over 52% in mid-day trading and declined to as low as $6.71 per share on November 9, 2022.
If you are an R1 RCM investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at firstname.lastname@example.org. You can also click on the following link or paste it in your browser: https://www.ktmc.com/r1-rcm-inc-investigation?utm_source=PR&utm_medium=link&utm_campaign=rcm&mktm=r
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
280 King of Prussia Road
Radnor, PA 19087