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Last Updated: Jul 13th, 2006 - 10:20:17 |
LHC Group, Inc. (NASDAQ: LHCG) today announced the pricing of its initial public offering of 4,800,000 shares of its common stock at a price of $14.00 per share. 3,500,000 shares are being offered by LHC Group along with 1,300,000 shares that are being sold by certain stockholders of LHC Group. LHC Group will receive no proceeds from the sale of shares by the selling stockholders. LHC Group's common stock is expected to begin trading on the NASDAQ National Market under the symbol "LHCG" on June 9, 2005.
The managing underwriters of the offering are Jefferies & Company, Inc. and Legg Mason Wood Walker, Incorporated. The underwriters have been granted an option for a period of 30 days following the offering to purchase up to an additional 720,000 shares from certain stockholders solely to cover over-allotments, if any.
INFO SOURCES
LHC Group, Inc.; Reguulatory Filings [SEC]
FIRMS
LHC Group is a provider of post-acute healthcare services primarily in rural markets in the southern United States. LHC Group provides home-based services through its home nursing agencies and hospices and facility-based services through its long-term acute care hospitals and rehabilitation facilities.
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