Emdeon IPO slated for this Wednesday. In 2008, Emdeon processed nearly half of all payment claims delivered electronically in the United States. The company plans to raise as much as $332.5 million through its I.P.O.
The Emdeon prospectus can be found through this link.
Emdeon Business Services provides revenue cycle management and clinical communication solutions that enable payers, providers and patients to integrate and automate key business and administrative functions throughout the patient encounter.
Emdeon Inc. announces the launch of its initial public offering in the United States of 21,450,000 shares of its Class A common stock. Of the shares being offered, 10,725,000 are being offered by the Company and 10,725,000 are being offered by selling stockholders. The initial public offering price is expected to be between $13.50 and $15.50 per share of Class A common stock. The shares have been approved for listing on the New York Stock Exchange under the ticker symbol "EM." The underwriters have the option to purchase from the selling stockholders up to an additional 3,217,500 shares of Class A common stock, on the same terms and conditions, to cover over-allotments, if any.
The Company intends to use approximately $5.3 million of the net proceeds from the offering received to repurchase ownership interests in its operating subsidiary held by certain members of management with the remainder used for general corporate purposes, which may include the repayment of indebtedness and future acquisitions. The Company will not receive any of the proceeds from the offering of the Class A common stock by the selling stockholders.
Morgan Stanley, Goldman, Sachs & Co., UBS Investment Bank and Barclays Capital will act as book- running managers of the offering.