Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

March 2012


Vocera Communications, Inc.
Initial Public Offering
$107.6 Million


Baird served as a co-manager in this offering


Vocera Communications, Inc. (“Vocera” or the “Company”) (NYSE: VCRA) recently completed an initial public offering of 5,850,000 shares of common stock at a price of $16.00 per share, generating gross proceeds of approximately $93.6 million. Vocera offered 5,000,000 shares of common stock and the selling stockholders offered 850,000 shares of common stock. The Company will not receive any proceeds associated with the shares sold by the selling stockholders. The Company intends to use the net proceeds from the primary share portion of the offering for general corporate purposes, including repayment of borrowings under its credit facility, working capital, and acquisitions of or investments in complementary businesses, technologies or assets.

Vocera provides mobile communication solutions addressing critical communication challenges facing hospitals today. Vocera helps its customers improve patient safety and satisfaction, and increase hospital efficiency and productivity through its Voice Communication solution and Messaging and Care Transition solutions. Vocera’s solutions are installed in more than 800 hospitals and healthcare facilities worldwide. The Company is headquartered in San Jose, California.

For additional information about this transaction, please contact:
Managing Director, Technology Investment Banking
(650) 858-3811
Director, Healthcare Investment Banking
(414) 298-7013
Co-Head, Equity Capital Markets
(415) 627-3279
Vice President, Technology Investment Banking
(650) 858-3814

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