Morning Headlines 8/2/24

R1 RCM to be Acquired by TowerBrook and CD&R for $8.9 Billion

Private equity firms CD&R and TowerBrook will take R1 RCM private at a valuation of $8.9 billion.

WeightWatchers Cuts Jobs, Weighs Selling Copycat Obesity Drugs

In the wake of disappointing Q2 results, WeightWatchers announces plans to lay off staff and potentially sell knockoff prescription weight-loss drugs via the weight management telehealth company it acquired last year for $132 million.

Federal suits stemming from Geisinger data breach likely to be consolidated

Ten federal lawsuits related to a November 2023 Geisinger data breach allegedly perpetrated by a former Nuance employee will be consolidated into one class-action lawsuit.