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R1 RCM Inc. (RCM) Surged To A New High After Intermedix Acquisition

R1 RCM Inc. (RCM) announced Monday morning that it has agreed to acquire Intermedix Corp. for approximately $460 million.

R1 RCM gapped up at the open Monday and rose sharply in early trade, before settling into a range. Shares finished with a gain of 1 point at $6.17. The stock surged to a new high for the year.

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