Shift4 Payments Set to Join the S&P MidCap 400
R1 RCM (NASDAQ:RCM) will be removed from the S&P MidCap 400 index, effective prior to market opening on November 20, 2024. This change comes as a result of the company's pending acquisition by TowerBrook Capital Partners and Clayton, Dublier & Rice, expected to complete around November 19. Shift4 Payments (NYSE:FOUR) will replace R1 RCM in the index. The transition marks R1 RCM's departure from the Healthcare sector of the S&P MidCap 400, while Shift4 Payments will join as part of the Financials sector.
R1 RCM (NASDAQ:RCM) verrà rimosso dall'indice S&P MidCap 400, con effetto prima dell'apertura del mercato il 20 novembre 2024. Questa modifica è il risultato dell'imminente acquisizione dell'azienda da parte di TowerBrook Capital Partners e Clayton, Dublier & Rice, prevista per concludersi intorno al 19 novembre. Shift4 Payments (NYSE:FOUR) prenderà il posto di R1 RCM nell'indice. Il cambiamento segna il ritiro di R1 RCM dal settore sanitario dell'S&P MidCap 400, mentre Shift4 Payments entrerà a far parte del settore finanziario.
R1 RCM (NASDAQ:RCM) será eliminado del índice S&P MidCap 400, con efecto antes de la apertura del mercado el 20 de noviembre de 2024. Este cambio se debe a la adquisición pendiente de la compañía por parte de TowerBrook Capital Partners y Clayton, Dublier & Rice, que se espera completar alrededor del 19 de noviembre. Shift4 Payments (NYSE:FOUR) reemplazará a R1 RCM en el índice. La transición marca la salida de R1 RCM del sector de atención médica del S&P MidCap 400, mientras que Shift4 Payments se unirá como parte del sector financiero.
R1 RCM (NASDAQ:RCM)는 S&P MidCap 400 지수에서 제거되며, 이는 2024년 11월 20일 시장 개장 전에 시행됩니다. 이 변경은 TowerBrook Capital Partners와 Clayton, Dublier & Rice의 회사 인수 대기와 관련이 있으며, 이 인수는 11월 19일 경에 완료될 것으로 예상됩니다. Shift4 Payments (NYSE:FOUR)가 지수에서 R1 RCM을 대체할 것입니다. 이 전환은 R1 RCM의 S&P MidCap 400 의료 분야에서의 퇴장을 의미하며, Shift4 Payments는 금융 분야에 합류하게 됩니다.
R1 RCM (NASDAQ:RCM) sera retiré de l'indice S&P MidCap 400, avec effet avant l'ouverture du marché le 20 novembre 2024. Ce changement résulte de l'acquisition imminente de l'entreprise par TowerBrook Capital Partners et Clayton, Dublier & Rice, qui devrait être finalisée aux alentours du 19 novembre. Shift4 Payments (NYSE:FOUR) remplacera R1 RCM dans l'indice. Cette transition marque le départ de R1 RCM du secteur de la santé de l'S&P MidCap 400, tandis que Shift4 Payments intégrera le secteur financier.
R1 RCM (NASDAQ:RCM) wird vor der Markteröffnung am 20. November 2024 aus dem S&P MidCap 400 Index entfernt. Diese Änderung erfolgt aufgrund der bevorstehenden Übernahme des Unternehmens durch TowerBrook Capital Partners und Clayton, Dublier & Rice, die voraussichtlich am 19. November abgeschlossen wird. Shift4 Payments (NYSE:FOUR) wird R1 RCM im Index ersetzen. Der Übergang markiert den Austritt von R1 RCM aus dem Gesundheitssektor des S&P MidCap 400, während Shift4 Payments als Teil des Finanzsektors eintritt.
- None.
- Being delisted from S&P MidCap 400 index due to acquisition
Insights
The removal of R1 RCM from the S&P MidCap 400 index due to its upcoming acquisition marks a significant shift in the company's market status. This delisting is a direct consequence of the
Index removal typically triggers substantial trading volume as index funds and ETFs tracking the S&P MidCap 400 must sell their RCM holdings. This forced selling can create temporary price pressure and increased volatility in the stock. Additionally, the transition from public to private ownership represents a definitive endpoint for current shareholders, who will receive cash consideration for their shares as specified in the acquisition terms.
The index removal also signals reduced market visibility and different governance structures ahead for R1 RCM as it transitions to private ownership, marking the end of its chapter as a publicly traded company.
Following is a summary of the change that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
November 20, 2024 | S&P MidCap 400 | Addition | Shift4 Payments | FOUR | Financials |
S&P MidCap 400 | Deletion | R1 RCM | RCM | Health Care |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
View original content:https://www.prnewswire.com/news-releases/shift4-payments-set-to-join-the-sp-midcap-400-302307533.html
SOURCE S&P Dow Jones Indices
FAQ
Why is R1 RCM being removed from the S&P MidCap 400?
When will R1 RCM be removed from the S&P MidCap 400?
Which company is replacing R1 RCM in the S&P MidCap 400?
