R1 RCM gets $191.1 million incremental delayed-draw term loan

By Sara Rosenberg

New York, March 23 – R1 RCM Inc. amended its credit facility on March 20 to provide an additional $191.1 million incremental delayed-draw term loan, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Bank of America is the administrative agent on the deal.

Proceeds will be used to fund the acquisition of SCI Solutions Inc.

The company is increasing the size of the incremental term loan to $191.1 million from the $150 million amount contemplated when the acquisition was announced in order to preserve cash on the balance sheet in the event of any potential disruptions to operations resulting from the ongoing Covid-19 pandemic.

R1 RCM is a Chicago-based provider of revenue cycle management and physician advisory services to health care providers.

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