CBaySystems Holdings Limited, which provides integrated clinical documentation solutions to over 2,400 hospitals and clinics in the US, filed on Monday with the SEC to raise up to $115 million in an initial public offering. The Franklin, TN-based company, which was founded in 1998, booked $384 million in sales for the 12 months ended June 30. It is currently traded on the London AIM and plans to switch to the NASDAQ on the IPO. Current shareholders include private equity firm SAC Capital (57%), GMO Emerging Markets Fund (8%) and Godrej Group (6%). Jefferies & Co. and Lazard Capital Markets are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.
