New Mountain Capital, L.L.C. - Jun 21, 2022 Form 3 Insider Report for R1 RCM Inc. /DE (RCM)

Role
10%+ Owner
Signature
CoyCo 1, L.P., By: /s/ Adam B. Weinstein, Name: Adam B. Weinstein, Title: Vice President
Stock symbol
RCM
Transactions as of
Jun 21, 2022
Transactions value $
$0
Form type
3
Date filed
7/1/2022, 04:15 PM
Previous filing
May 23, 2022
Next filing
Oct 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RCM Common Stock 125M Jun 21, 2022 See Notes F1, F2, F3, F4
holding RCM Common Stock 11.1M Jun 21, 2022 See Notes F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 9, 2022, CoyCo 1, L.P. ("CoyCo 1") and CoyCo 2, L.P. ("CoyCo 2") entered into a Transaction Agreement and Plan of Merger (the "Transaction Agreement") with the R1 RCM Inc. (the "Issuer"), its then-parent, Project Roadrunner Merger Sub Inc., a wholly owned subsidiary of the Issuer ("R1 Merger Sub") and other parties named therein, pursuant to which CoyCo 1 and CoyCo 2 contributed 100% of the equity of a blocker parent of their subsidiaries, which included Cloudmed, to the Issuer in exchange for 135,929,742 shares of common stock of the Issuer (the "Acquisition"). The Acquisition closed on June 21, 2022 (the "Closing").
F2 Held directly by CoyCo 1.
F3 CoyCo GP, L.L.C. ("CoyCo GP") is the general partner of each of CoyCo 1 and CoyCo 2. New Mountain Partners V (AIV-D), L.P. ("AIV-D") is the manager of CoyCo GP. New Mountain Investments V, L.L.C. ("Investments V") has decision-making power over the disposition and voting of securities of portfolio investments of AIV-D. New Mountain Capital, L.L.C. ("New Mountain Capital") also has voting power over the securities of portfolio investments of AIV-D. New Mountain Capital Group, L.P. ("New Mountain Capital Group") is the managing member of New Mountain Capital. NM Holdings GP, L.L.C. ("NM Holdings GP") is the general partner of New Mountain Capital Group. Steven B. Klinsky is the managing member of New Mountain Investments V and managing member of NM Holdings GP.
F4 Because of their relationships, each of Mr. Klinsky, CoyCo GP, AIV-D, New Mountain Investments V, New Mountain Capital, New Mountain Capital Group, and NM Holdings GP may be deemed to beneficially own the Common Shares held by CoyCo 1 and CoyCo 2. Each of Mr. Klinsky, CoyCo GP, AIV-D, New Mountain Investments V, New Mountain Capital, New Mountain Capital Group, and NM Holdings GP expressly disclaim beneficial ownership over the securities held by CoyCo 1 and CoyCo 2 except to the extent of their pecuniary interest therein.
F5 Held directly by CoyCo 2.

Remarks:

Subsequent to the Closing, Matthew Holt, Jeremy Delinsky and Kyle Armbrester were appointed to the board of directors of R1 RCM Inc. (the "Issuer") pursuant to an Investor Rights Agreement between CoyCo 1, CoyCo 2 and the Issuer. As such, the Reporting Persons may currently be deemed to be "directors by deputization" of the Issuer.