Navigation Links
IPC The Hospitalist Company, Inc. Announces Closing of IPO and Exercise of Underwriters' Over-Allotment Option
Date:2/5/2008

NORTH HOLLYWOOD, Calif., Feb. 5 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading provider of hospitalist services, today announced that it closed its previously announced initial public offering of 5,200,000 shares on January 30, 2008 and that the underwriters of the offering have exercised their over-allotment option and purchased 705,000 additional shares of common stock from the selling stockholders at the public offering price of $16.00 per share. Including the over-allotment, the Company and selling stockholders sold 5,905,000 shares in the offering for net proceeds of $84.5 million after deducting the underwriting discounts and commission and the estimated offering expenses. Excluding shares offered by selling stockholders, net proceeds to the company amounted to approximately $45.8 million after deducting the underwriting discounts and commission and the estimated offering expenses.

Credit Suisse Securities (USA) LLC and Jefferies & Company, Inc. acted as joint bookrunners for the offering. Wachovia Capital Markets, LLC and William Blair & Company, L.L.C. acted as co-managers for the offering.

This offering is made only by means of a prospectus, copies of which may be obtained from the Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010, (800) 221-1037, or Jefferies & Company Prospectus Department, 520 Madison Avenue, New York, NY 10022, (888) 449-2342.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About IPC The Hospitalist Company, Inc.

Founded in 1995, IPC The Hospitalist Company, Inc. is a leading provider of hospitalist services in the United States. IPC's physicians manage and coordinate the care of hospitalized patients and serve as the inpatient partner of primary care physicians and specialists. IPC assists hospitals and payors in improving quality of inpatient care, increasing operating efficiencies and reducing costs. The Company provides its hospitalists with the management systems, information technology, training and administrative support necessary to perform these services.

Contacts:

Devra Shapiro

IPC The Hospitalist Company, Inc.

(818) 766-3502

Stephanie Carrington/Elizabeth Scott

The Ruth Group

(646) 536-7017/7014

scarrington@theruthgroup.com

escott@theruthgroup.com


'/>"/>
SOURCE IPC The Hospitalist Company, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Benefits of hospitalist care confirmed in new study
2. Hospitalist Physicians Help Shorten Patient Stays
3. IPC The Hospitalist Company, Inc. Prices Initial Public Offering
4. IPC The Hospitalist Company, Inc. to Present at the 2008 UBS Global Healthcare Services Conference
5. Independence Technology, A Johnson & Johnson Company, Renews Its Contract With Creative Technology Services
6. Tela Sourcing, Inc., an Adaptis Company, Acquires HealthASPex Business
7. Nevada company, ORNL develop potential lifesaver
8. ForSight Labs, LLC Announces Formation of Its Third Company, ForSight VISION3, Inc. and Closing of $6 Million in Series A Funding
9. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
10. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
11. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/11/2016)... ... 11, 2016 , ... Life is known for throwing curves. It’s thrown quite ... gather once a year to play softball to raise money through Sun Health ... than 50 players who competed in this year’s softball tournament share a history of ...
(Date:2/11/2016)... (PRWEB) , ... February 11, 2016 , ... ... and updated its hallmark resource, Infusion Therapy Standards of Practice, to include vascular ... vein illumination with an estimated 85% share of the market, facilitates adherence to ...
(Date:2/11/2016)... ... 11, 2016 , ... Dickinson Insurance & Financial Services continues their commitment to ... support of a local boy named Barrett, who has been fighting ALL leukemia for ... rally support for, all local families dealing with childhood cancer. Information on how to ...
(Date:2/11/2016)... ... 11, 2016 , ... Be Well Medical Group (Be Well) is ... Town at 108 South Columbus St, Suite 201, Alexandria, VA. Be Well Medical Group ... in the convenience of their homes, offices or at the practices’ local office. It ...
(Date:2/11/2016)... ... ... Husted Kicking has completed its Third Annual Husted Kicking College ... 2016 according to kicking coach Michael Husted. , “This event serves as an official ... Indianapolis,” says Husted. “The NFL uses a third party organization to select players for ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... NEW YORK , Feb. 11, 2016 /PRNewswire/ ... a foot-focused suite of products designed to support ... ExoSOLS™, are custom orthotic insoles that combine years ... 1,000 partners in the podiatric field with cutting ... align, and propel . It is supported by ...
(Date:2/11/2016)... , February 11, 2016 ... Market Report 2016 research report provides information on ... development status with crucial statistical data and information ... http://www.deepresearchreports.com/142870.html . --> Complete report on ... companies and supported with 296 tables and figures ...
(Date:2/10/2016)... 2016   Genomic Health, Inc. (Nasdaq: GHDX ) ... year ended December 31, 2015. --> ... 2015, compared with $69.1 million in the fourth quarter of 2014, ... increased 9 percent compared with the same period in the prior ... was $63.9 million in the fourth quarter of 2015, an increase ...
Breaking Medicine Technology: