Adeptus Health, which operates 32 independent freestanding emergency rooms in Texas and Colorado, raised $108 million on Tuesday by offering 4.9 million shares (all primary) at $22, the high end of the $19 to $22 range. At the IPO price, Adeptus Health commands a market cap of $455 million and an enterprise value of $511 million. Adeptus Health will list on the NYSE under the symbol ADPT. Deutsche Bank, Goldman Sachs, Evercore Partners and Morgan Stanley acted as joint bookrunners on the deal.
