Renaissance Capital logo

TMH News

First Choice ER operator Adeptus Health files for a $100 million IPO

Adeptus Health, which operates First Choice, the largest freestanding emergency room system in the US, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. The Lewisville, TX-based company, which was founded in 2002 and...read more

Team Health quiet period ends January 24

TMH

Team Health Holdings, a Blackstone-backed provider of outsourced emergency room physician staffing, will see its quiet period end on on Sunday, Jan. 24. On Dec. 15, 2009, the company raised $160 million by offering 13.3 million shares at $12, below the range of...read more

Four PE-backed IPOs price down this week

TMH

All four IPOs this week were backed by private equity companies and priced below their proposed ranges. With the IPO market heating up in recent months, companies looking to raise capital have been forced to discount their deals to accommodate a highly...read more

Team Health prices IPO at $12.00, below the range

TMH

Team Health, a Blackstone-backed provider of outsourced hospital staffing services, raised $160 million by offering 13.3 million shares at $12.00, below its proposed range of $14.00 to $16.00. The deal size was cut by 47%, but an increase in primary shares from...read more