Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Vocera Communications, Inc.
Baird served as a co-manager in this offering.
Vocera Communications, Inc. (“Vocera” or the “Company”) (NYSE: VCRA) recently completed a follow-on offering of 5,548,750 common shares at a price of $28.75 per share, generating gross proceeds of approximately $159.5 million. The Company offered 1,337,500 shares of common stock and the selling shareholders offered 4,211,250 shares of common stock. The Company will not receive any proceeds associated with the shares sold by the selling shareholders. Vocera intends to use the net proceeds from the offering for general corporate purposes, including working capital, and to acquire or invest 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 the Company’s Voice Communication, Secure 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.
In March 2012, Baird served as a co-manager on Vocera’s initial public offering.