Adepts Health announces pricing of common stock offering
03/06/2016 15:15
Adeptus Health Inc. announced the pricing of the previously announced offering of 2,450,000 shares of its Class A common stock, of which 1,543,162 shares are to be sold by the Company, and 906,838 shares are to be sold by an affiliate of Sterling Partners, at a price to the public of USD 62 per share. The Company intends to use all of the net proceeds from the offering received by it to purchase, for cash, 1,543,162 limited liability company units of Adeptus Health LLC, its direct subsidiary, from certain of the unit holders of Adeptus Health LLC, including certain of the Company's directors and executive officers. The Company will not receive any of the proceeds from the sale of shares of Class A common stock by the Selling Stockholder. In addition, the Company and the Selling Stockholder have granted the underwriter an option to purchase up to 367,500 additional shares of Class A common stock. The offering is expected to settle and close on June 8, 2016, subject to customary closing conditions. Goldman, Sachs & Co. is acting as the sole book-running manager and underwriter of the offering.
03/06/2016 15:15
Adeptus Health Inc. announced the pricing of the previously announced offering of 2,450,000 shares of its Class A common stock, of which 1,543,162 shares are to be sold by the Company, and 906,838 shares are to be sold by an affiliate of Sterling Partners, at a price to the public of USD 62 per share. The Company intends to use all of the net proceeds from the offering received by it to purchase, for cash, 1,543,162 limited liability company units of Adeptus Health LLC, its direct subsidiary, from certain of the unit holders of Adeptus Health LLC, including certain of the Company's directors and executive officers. The Company will not receive any of the proceeds from the sale of shares of Class A common stock by the Selling Stockholder. In addition, the Company and the Selling Stockholder have granted the underwriter an option to purchase up to 367,500 additional shares of Class A common stock. The offering is expected to settle and close on June 8, 2016, subject to customary closing conditions. Goldman, Sachs & Co. is acting as the sole book-running manager and underwriter of the offering.
