Filing Details
- Accession Number:
- 0001144204-19-033631
- Form Type:
- 13D Filing
- Publication Date:
- 2019-07-02 17:02:30
- Filed By:
- Tcp-asc Achi Series Lllp
- Company:
- R1 Rcm Holdco Inc. (OTCMKTS:NONE)
- Filing Date:
- 2019-07-02
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
TCP-ASC ACHI Series LLLP | 0 | 164,521,200 | 0 | 164,521,200 | Common Stock 59.8% | |
TCP-ASC GP | 0 | 164,521,200 | 0 | 164,521,200 | Common Stock 59.8% | |
TI IV ACHI Holdings GP | 0 | 164,521,200 | 0 | 164,521,200 | Common Stock 59.8% | |
TI IV ACHI Holdings | 0 | 164,521,200 | 0 | 164,521,200 | Common Stock 59.8% | |
TowerBrook Investors Ltd | 0 | 164,521,200 | 0 | 164,521,200 | Common Stock 59.8% | |
Neal Moszkowski | 0 | 164,521,200 | 0 | 164,521,200 | Common Stock 59.8% | |
Ramez Sousou | 0 | 164,521,200 | 0 | 164,521,200 | Common Stock 59.8% | |
ASCENSION HEALTH ALLIANCE | 0 | 164,521,200 | 0 | 164,521,200 | Common Stock 59.8% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
R1 RCM INC.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
00438V103
(CUSIP Number)
Glenn Miller
c/o TowerBrook Capital Partners L.P.
Park Avenue Tower
65 East 55th Street, 27th Floor
New York, NY 10022
(212) 699-2200
Copy to:
Steven A. Cohen
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, NY 10019
(212) 403-1000
Joseph R. Impicciche
c/o Ascension Health Alliance
101 S. Hanley Road, Suite 450
St. Louis, MO 63105
(314) 733-8000
Copy to:
Stephen A. Infante
Covington & Burling LLP
620 Eighth Avenue
New York, NY 10018
(212) 841-1000
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
July 1, 2019
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).
CUSIP No. | 00438V103 |
1. | NAMES OF REPORTING PERSONS TCP-ASC ACHI Series LLLP | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (b) ¨ | |
3. | SEC USE ONLY | |
4. | SOURCE OF FUNDS (see instructions) OO | |
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ | |
6. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 0 | |
8. | SHARED VOTING POWER 164,521,200 (1) | ||
9. | SOLE DISPOSITIVE POWER 0 | ||
10. | SHARED DISPOSITIVE POWER 164,521,200 (1) |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Common Stock: 164,521,200 (1) | |
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Common Stock: 59.8% (1) (2) | |
14. | TYPE OF REPORTING PERSON (see instructions) PN |
(1) Consists of 104,521,200 shares of Common Stock issuable upon conversion of 261,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and 60,000,000 shares of Common Stock issuable upon exercise of the Warrant. 200,000 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and the Warrant were issued by the Issuer to the Reporting Persons upon Closing of the Purchase (which occurred on February 16, 2016). The remaining 61,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock were issued by the Issuer to the Reporting Persons as a payment-in-kind dividends pursuant to the Series A CoD. See Items 2 and 6.
(2) For purposes of calculating beneficial ownership of the Reporting Person, the total number of shares of Common Stock outstanding is based on (1) 110,601,611 shares of Common Stock outstanding as of May 1, 2019 as reported by the Issuer in its quarterly report on Form 10-Q for the quarterly period ended March 31, 2019 filed with the SEC on May 9, 2019 and (2) 164,521,200 shares of Common Stock (see Note 1).
CUSIP No. | 00438V103 |
1. | NAMES OF REPORTING PERSONS TCP-ASC GP, LLC | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (b) ¨ | |
3. | SEC USE ONLY | |
4. | SOURCE OF FUNDS (see instructions) OO | |
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ | |
6. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 0 | |
8. | SHARED VOTING POWER 164,521,200 (1) | ||
9. | SOLE DISPOSITIVE POWER 0 | ||
10. | SHARED DISPOSITIVE POWER 164,521,200 (1) |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Common Stock: 164,521,200 (1) | |
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Common Stock: 59.8% (1) (2) | |
14. | TYPE OF REPORTING PERSON (see instructions) OO |
(1) Consists of 104,521,200 shares of Common Stock issuable upon conversion of 261,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and 60,000,000 shares of Common Stock issuable upon exercise of the Warrant. 200,000 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and the Warrant were issued by the Issuer to the Reporting Persons upon Closing of the Purchase (which occurred on February 16, 2016). The remaining 61,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock were issued by the Issuer to the Reporting Persons as a payment-in-kind dividends pursuant to the Series A CoD. See Items 2 and 6.
(2) For purposes of calculating beneficial ownership of the Reporting Person, the total number of shares of Common Stock outstanding is based on (1) 110,601,611 shares of Common Stock outstanding as of May 1, 2019 as reported by the Issuer in its quarterly report on Form 10-Q for the quarterly period ended March 31, 2019 filed with the SEC on May 9, 2019 and (2) 164,521,200 shares of Common Stock (see Note 1).
CUSIP No. | 00438V103 |
1. | NAMES OF REPORTING PERSONS TI IV ACHI Holdings GP, LLC | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (b) ¨ | |
3. | SEC USE ONLY | |
4. | SOURCE OF FUNDS (see instructions) OO | |
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ | |
6. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 0 | |
8. | SHARED VOTING POWER 164,521,200 (1) | ||
9. | SOLE DISPOSITIVE POWER 0 | ||
10. | SHARED DISPOSITIVE POWER 164,521,200 (1) |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Common Stock: 164,521,200 (1) (3) | |
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Common Stock: 59.8% (1) (2) | |
14. | TYPE OF REPORTING PERSON (see instructions) OO |
(1) Consists of 104,521,200 shares of Common Stock issuable upon conversion of 261,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and 60,000,000 shares of Common Stock issuable upon exercise of the Warrant. 200,000 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and the Warrant were issued by the Issuer to the Reporting Persons upon Closing of the Purchase (which occurred on February 16, 2016). The remaining 61,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock were issued by the Issuer to the Reporting Persons as a payment-in-kind dividends pursuant to the Series A CoD. See Items 2 and 6.
(2) For purposes of calculating beneficial ownership of the Reporting Person, the total number of shares of Common Stock outstanding is based on (1) 110,601,611 shares of Common Stock outstanding as of May 1, 2019 as reported by the Issuer in its quarterly report on Form 10-Q for the quarterly period ended March 31, 2019 filed with the SEC on May 9, 2019 and (2) 164,521,200 shares of Common Stock (see Note 1).
(3) TI IV ACHI Holdings GP, LLC disclaims beneficial ownership of 74,034,540 shares of Common Stock held directly by Series AS (as defined in Item 6 herein).
CUSIP No. | 00438V103 |
1. | NAMES OF REPORTING PERSONS TI IV ACHI Holdings, LP | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (b) ¨ | |
3. | SEC USE ONLY | |
4. | SOURCE OF FUNDS (see instructions) OO | |
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ | |
6. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 0 | |
8. | SHARED VOTING POWER 164,521,200 (1) | ||
9. | SOLE DISPOSITIVE POWER 0 | ||
10. | SHARED DISPOSITIVE POWER 164,521,200 (1) |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Common Stock: 164,521,200 (1) (3) | |
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Common Stock: 59.8% (1) (2) | |
14. | TYPE OF REPORTING PERSON (see instructions) PN |
(1) Consists of 104,521,200 shares of Common Stock issuable upon conversion of 261,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and 60,000,000 shares of Common Stock issuable upon exercise of the Warrant. 200,000 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and the Warrant were issued by the Issuer to the Reporting Persons upon Closing of the Purchase (which occurred on February 16, 2016). The remaining 61,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock were issued by the Issuer to the Reporting Persons as a payment-in-kind dividends pursuant to the Series A CoD. See Items 2 and 6.
(2) For purposes of calculating beneficial ownership of the Reporting Person, the total number of shares of Common Stock outstanding is based on (1) 110,601,611 shares of Common Stock outstanding as of May 1, 2019 as reported by the Issuer in its quarterly report on Form 10-Q for the quarterly period ended March 31, 2019 filed with the SEC on May 9, 2019 and (2) 164,521,200 shares of Common Stock (see Note 1).
(3) TI IV ACHI Holdings, LP disclaims beneficial ownership of 74,034,540 shares of Common Stock held directly by Series AS (as defined in Item 6 herein).
CUSIP No. | 00438V103 |
1. | NAMES OF REPORTING PERSONS TowerBrook Investors Ltd. | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (b) ¨ | |
3. | SEC USE ONLY | |
4. | SOURCE OF FUNDS (see instructions) OO | |
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ | |
6. | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 0 | |
8. | SHARED VOTING POWER 164,521,200 (1) | ||
9. | SOLE DISPOSITIVE POWER 0 | ||
10. | SHARED DISPOSITIVE POWER 164,521,200 (1) |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Common Stock: 164,521,200 (1) (3) | |
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Common Stock: 59.8% (1) (2) | |
14. | TYPE OF REPORTING PERSON (see instructions) OO |
(1) Consists of 104,521,200 shares of Common Stock issuable upon conversion of 261,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and 60,000,000 shares of Common Stock issuable upon exercise of the Warrant. 200,000 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and the Warrant were issued by the Issuer to the Reporting Persons upon Closing of the Purchase (which occurred on February 16, 2016). The remaining 61,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock were issued by the Issuer to the Reporting Persons as a payment-in-kind dividends pursuant to the Series A CoD. See Items 2 and 6.
(2) For purposes of calculating beneficial ownership of the Reporting Person, the total number of shares of Common Stock outstanding is based on (1) 110,601,611 shares of Common Stock outstanding as of May 1, 2019 as reported by the Issuer in its quarterly report on Form 10-Q for the quarterly period ended March 31, 2019 filed with the SEC on May 9, 2019 and (2) 164,521,200 shares of Common Stock (see Note 1).
(3) TowerBrook Investors Ltd. disclaims beneficial ownership of 74,034,540 shares of Common Stock held directly by Series AS (as defined in Item 6 herein).
CUSIP No. | 00438V103 |
1. | NAMES OF REPORTING PERSONS Neal Moszkowski | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (b) ¨ | |
3. | SEC USE ONLY | |
4. | SOURCE OF FUNDS (see instructions) OO | |
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ | |
6. | CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 0 | |
8. | SHARED VOTING POWER 164,521,200 (1) | ||
9. | SOLE DISPOSITIVE POWER 0 | ||
10. | SHARED DISPOSITIVE POWER 164,521,200 (1) |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Common Stock: 164,521,200 (1) (3) | |
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Common Stock: 59.8% (1) (2) | |
14. | TYPE OF REPORTING PERSON (see instructions) IN |
(1) Consists of 104,521,200 shares of Common Stock issuable upon conversion of 261,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and 60,000,000 shares of Common Stock issuable upon exercise of the Warrant. 200,000 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and the Warrant were issued by the Issuer to the Reporting Persons upon Closing of the Purchase (which occurred on February 16, 2016). The remaining 61,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock were issued by the Issuer to the Reporting Persons as a payment-in-kind dividends pursuant to the Series A CoD. See Items 2 and 6.
(2) For purposes of calculating beneficial ownership of the Reporting Person, the total number of shares of Common Stock outstanding is based on (1) 110,601,611 shares of Common Stock outstanding as of May 1, 2019 as reported by the Issuer in its quarterly report on Form 10-Q for the quarterly period ended March 31, 2019 filed with the SEC on May 9, 2019 and (2) 164,521,200 shares of Common Stock (see Note 1).
(3) Neal Moszkowski disclaims beneficial ownership of 74,034,540 shares of Common Stock held directly by Series AS (as defined in Item 6 herein).
CUSIP No. | 00438V103 |
1. | NAMES OF REPORTING PERSONS Ramez Sousou | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (b) ¨ | |
3. | SEC USE ONLY | |
4. | SOURCE OF FUNDS (see instructions) OO | |
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ | |
6. | CITIZENSHIP OR PLACE OF ORGANIZATION U.K. |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 0 | |
8. | SHARED VOTING POWER 164,521,200 (1) | ||
9. | SOLE DISPOSITIVE POWER 0 | ||
10. | SHARED DISPOSITIVE POWER 164,521,200 (1) |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Common Stock: 164,521,200 (1) (3) | |
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Common Stock: 59.8% (1) (2) | |
14. | TYPE OF REPORTING PERSON (see instructions) IN |
(1) Consists of 104,521,200 shares of Common Stock issuable upon conversion of 261,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and 60,000,000 shares of Common Stock issuable upon exercise of the Warrant. 200,000 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and the Warrant were issued by the Issuer to the Reporting Persons upon Closing of the Purchase (which occurred on February 16, 2016). The remaining 61,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock were issued by the Issuer to the Reporting Persons as a payment-in-kind dividends pursuant to the Series A CoD. See Items 2 and 6.
(2) For purposes of calculating beneficial ownership of the Reporting Person, the total number of shares of Common Stock outstanding is based on (1) 110,601,611 shares of Common Stock outstanding as of May 1, 2019 as reported by the Issuer in its quarterly report on Form 10-Q for the quarterly period ended March 31, 2019 filed with the SEC on May 9, 2019 and (2) 164,521,200 shares of Common Stock (see Note 1).
(3) Ramez Sousou disclaims beneficial ownership of 74,034,540 shares of Common Stock held directly by Series AS (as defined in Item 6 herein).
CUSIP No. | 00438V103 |
1. | NAMES OF REPORTING PERSONS ASCENSION HEALTH ALLIANCE | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (b) ¨ | |
3. | SEC USE ONLY | |
4. | SOURCE OF FUNDS (see instructions) OO | |
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ | |
6. | CITIZENSHIP OR PLACE OF ORGANIZATION Missouri |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 0 | |
8. | SHARED VOTING POWER 164,521,200 (1) | ||
9. | SOLE DISPOSITIVE POWER 0 | ||
10. | SHARED DISPOSITIVE POWER 164,521,200 (1) |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Common Stock: 164,521,200 (1) (3) | |
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Common Stock: 59.8% (1) (2) | |
14. | TYPE OF REPORTING PERSON (see instructions) CO |
(1) Consists of 104,521,200 shares of Common Stock issuable upon conversion of 261,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and 60,000,000 shares of Common Stock issuable upon exercise of the Warrant. 200,000 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock and the Warrant were issued by the Issuer to the Reporting Persons upon Closing of the Purchase (which occurred on February 16, 2016). The remaining 61,303 shares of the Issuer’s 8.00% Series A Convertible Preferred Stock were issued by the Issuer to the Reporting Persons as a payment-in-kind dividends pursuant to the Series A CoD. See Items 2 and 6.
(2) For purposes of calculating beneficial ownership of the Reporting Person, the total number of shares of Common Stock outstanding is based on (1) 110,601,611 shares of Common Stock outstanding as of May 1, 2018 as reported by the Issuer in its quarterly report on Form 10-Q for the quarterly period ended March 31, 2019 filed with the SEC on May 9, 2019 and (2) 164,521,200 shares of Common Stock (see Note 1).
(3) Ascension Health Alliance disclaims beneficial ownership of 90,486,660 shares of Common Stock held directly by Series TB (as defined in Item 6 herein).
This Amendment No. 8 to Schedule 13D (this “Amendment No. 8”) amends and supplements the statement on Schedule 13D jointly filed by TCP-ASC ACHI Series LLLP (the “Partnership”), TCP-ASC GP, LLC, TI IV ACHI Holdings GP, LLC, TI IV ACHI Holdings, LP, TowerBrook Investors Ltd., Neal Moszkowski, Ramez Sousou and Ascension Health Alliance d/b/a Ascension (together, the “Reporting Persons”) with the Securities and Exchange Commission (the “Commission”) on February 16, 2016, as amended on July 11, 2016, September 9, 2016, April 3, 2017, January 2, 2018, February 23, 2018, May 8, 2018 and July 2, 2018 (as it may be amended from time to time, this “Statement”), relating to the common stock, $0.01 par value per share (the “Common Stock”), of R1 RCM Inc. (the “Issuer”), formerly known as Accretive Health, Inc. Initially capitalized terms used in this Amendment No. 8 that are not otherwise defined herein shall have the same meanings attributed to them in the Statement. Except as expressly provided herein, all Items of the Statement remain unchanged.
ITEM 3. Source or Amount of Funds or Other Consideration.
The second and third paragraphs of Item 3 of this Schedule 13D are hereby amended and restated in its entirety as follows:
Each Reporting Person may be deemed to have acquired beneficial ownership of 140,000,000 shares of Common Stock reported on this Statement on February 16, 2016 pursuant to the Purchase Agreement. The funding for the Purchase was obtained from the Aggregator from the contributed capital of the investment funds managed or advised by TowerBrook Capital Partners L.P. The funding for the Purchase was obtained from Ascension from available cash.
Each Reporting Person may be deemed to have acquired beneficial ownership of the remaining 24,521,200 shares of Common Stock reported on this Statement pursuant to (i) a payment-in-kind dividend of 4,040 shares of Series A Preferred Stock on the 200,000 shares of Series A Preferred Stock it acquired under the Purchase Agreement (the “July 2016 PIK Dividend”), (ii) a payment-in-kind dividend of 4,120 shares of Series A Preferred Stock on the 204,040 shares of Series A Preferred Stock that it held as of September 30, 2016 as well as a payment-in-kind dividend of 2,000 shares of Series A Preferred Stock for the period beginning on February 16, 2016 and ending on March 31, 2016, that was previously accrued and unpaid (the “October 2016 PIK Dividends”), (iii) a payment-in-kind dividend of 4,203 shares of Series A Preferred Stock on the 210,160 shares of Series A Preferred Stock that it held as of December 31, 2016 (the “January 2017 PIK Dividend”), (iv) a payment-in-kind dividend of 4,287 shares of Series A Preferred Stock on the 214,363 shares of Series A Preferred Stock that it held as of March 31, 2017 (the “April 2017 PIK Dividend”) (v) a payment-in-kind dividend of 4,373 shares of Series A Preferred Stock on the 218,650 shares of Series A Preferred Stock that it held as of June 30, 2017 (the “July 2017 PIK Dividend”), (vi) a payment-in-kind dividend of 4,460 shares of Series A Preferred Stock on the 223,023 shares of Series A Preferred Stock that it held as of September 30, 2017 (the “October 2017 PIK Dividend”) (vii) a payment-in-kind dividend of 4,549 shares of Series A Preferred Stock on the 227,483 shares of Series A Preferred Stock that it held as of December 31, 2017 (the “January 2018 PIK Dividend”) (viii) a payment-in-kind dividend of 4,640 shares of Series A Preferred Stock on the 232,032 shares of Series A Preferred Stock that it held as of March 31, 2018 (the “April 2018 PIK Dividend”) (ix) a payment-in-kind dividend of 4,733 shares of Series A Preferred Stock on the 236,672 shares of Series A Preferred Stock that it held as of June 30, 2018 (the “July 2018 PIK Dividend”), (x) a payment-in-kind dividend of 4,828 shares of Series A Preferred Stock on the 241,405 shares of Series A Preferred Stock that it held as of September 30, 2018 (the “October 2018 PIK Dividend”), (xi) a payment-in-kind dividend of 4,924 shares of Series A Preferred Stock on the 246,233 shares of Series A Preferred Stock that it held as of December 31, 2018 (the “January 2019 PIK Dividend”), (xii) a payment-in-kind dividend of 5,023 shares of Series A Preferred Stock on the 251,157 shares of Series A Preferred Stock that it held as of March 31, 2019 (the “April 2019 PIK Dividend”) and (xiii) a payment-in-kind dividend of 5,123 shares of Series A Preferred Stock on the 256,180 shares of Series A Preferred Stock that it held as of June 30, 2019 (the “July 2019 PIK Dividend”). The July 2016 PIK Dividend, October 2016 PIK Dividends, January 2017 PIK Dividend, April 2017 PIK Dividend, July 2017 PIK dividend, October 2017 PIK Dividend, January 2018 PIK Dividend, April 2018 PIK Dividend, July 2018 PIK Dividend, October 2018 PIK Dividend, January 2019 PIK Dividend, April 2019 PIK Dividend and July 2019 PIK Dividend were paid by the Issuer on July 8, 2016, October 1, 2016, January 3, 2017, April 3, 2017, July 3, 2017, October 2, 2017, January 2, 2018, April 2, 2018, July 2, 2018, October 1, 2018, January 2, 2019, April 1, 2019 and July 1, 2019, respectively, in each case pursuant to the Series A CoD.
ITEM 5. Interest in Securities of the Issuer.
Sections (a) and (b) of Item 5 are hereby amended and restated in their entirety as follows:
(a) | In the aggregate, the Reporting Persons may be deemed to beneficially own, as of the date hereof, an aggregate of 164,521,200 shares of Common Stock, including 60,000,000 shares of Common Stock that may be issued upon the exercise of the Warrant. |
(b) | Each Reporting Person, as a member of a “group” with the other Reporting Persons for the purposes of Section 13(d)(3) of the Exchange Act, may be deemed to have shared voting, disposition and investment power with respect to the 164,521,200 shares of Common Stock issuable upon the conversion of 261,303 shares of Series A Preferred Stock and the exercise of the Warrant. Each of TI IV ACHI Holdings GP, LLC, TCP-ASC ACHI Holdings, LP, TowerBrook Investors Ltd., Neal Moszkowski and Ramez Sousou disclaims beneficial ownership of 74,034,540 shares of Common Stock held directly by Series AS (as defined in Item 6 herein). Ascension disclaims beneficial ownership of 90,486,660 shares of Common Stock held directly by Series TB (as defined in Item 6 herein). |
ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
Item 6 is hereby amended by the addition of the following immediately prior to the last paragraph thereof:
On June 26, 2019, the Issuer redeemed in full all $110.0 million aggregate principal amount of the Subordinated Notes issued under the Note Purchase Agreement, in accordance with the optional redemption provisions contained in the Note Purchase Agreement.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: July 2, 2019 | ||
TCP-ASC ACHI SERIES LLLP | ||
By: TCP-ASC GP, LLC, its General Partner | ||
By: | /s/ Glenn F. Miller | |
Name: | Glenn F. Miller | |
Title: | Vice President | |
TCP-ASC GP, LLC | ||
By: | /s/ Glenn F. Miller | |
Name: | Glenn F. Miller | |
Title: | Vice President | |
TI IV ACHI Holdings GP, LLC | ||
By: | /s/ Glenn F. Miller | |
Name: | Glenn F. Miller | |
Title: | Vice President | |
TI IV ACHI HOLDINGS, LP | ||
By: TI IV ACHI Holdings GP, LLC, its General Partner | ||
By: | /s/ Glenn F. Miller | |
Name: | Glenn F. Miller | |
Title: | Vice President |
[Signature Page to 13D Amendment]
TOWERBROOK INVESTORS LTD. | ||
By: | /s/ Neal Moszkowski | |
Name: | Neal Moszkowski | |
Title: | Director | |
NEAL MOSZKOWSKI | ||
/s/ Neal Moszkowski | ||
Neal Moszkowski | ||
RAMEZ SOUSOU | ||
/s/ Ramez Sousou | ||
Ramez Sousou | ||
ASCENSION HEALTH ALLIANCE | ||
By: | /s/ Anthony J. Speranzo | |
Name: | Anthony J. Speranzo | |
Title: | Executive Vice President & Chief Financial Officer |
[Signature Page to 13D Amendment]