Greenway Medical Technologies, a provider of integrated information technology solutions to ambulatory healthcare providers, announced terms for its IPO on Wednesday. The Carrollton, GA-based company plans to raise $80 million by offering 6.7 million shares at a price range of $11.00 to $13.00. At the mid-point of the proposed range, it will command a market value of $347 million. Greenway, which was founded in 1998, booked $99 million in sales for the 12 months ended September 30, 2011. Revenues grew by 55% in the most recent quarter. Greenway plans to list on the New York Stock Exchange under the symbol GWAY. Backers include Investor Growth Capital (17.5% post-IPO stake), Pamlico Capital (16.4%) and Investor Group (7.5%). J.P. Morgan, Morgan Stanley and William Blair are the lead underwriters on the deal.
Greenway is the tenth company to announce terms this month and the sixth that plans to price the week of January 30th.
