R1 RCM Inc. (NasdaqCM:RCM) announced that it has entered into a securities purchase agreement for a private placement of 4,665,594 shares at a price of $4.2867 per share for gross proceeds of $20,000,002 with accredited investor IHC Health Services, Inc. on January 23, 2018. The company also issued 1,500,000 warrants to purchase common shares at an exercise price of $6 per share which will expire on January 23, 2028.