Deal Details
Follow-On Offering
Summary
Baird served as co-manager of this offering.
About
Accretive Health, Inc. (NYSE:AH) (“Accretive Health” or the “Company”) recently completed a 7,475,000 share follow-on offering of its common stock at $23.50 per share. All the shares offered were sold by selling stockholders resulting in gross proceeds of approximately $175.7 million. The Company will not receive any of the proceeds from the sale of shares in this offering.Accretive Health is a leading provider of services that help healthcare providers generate sustainable improvements in their operating margins and healthcare quality while also improving patient, physician and staff satisfaction. The Company’s core service offering helps U.S. healthcare providers to more efficiently manage their revenue cycles, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, bill preparation and collections. Accretive Health’s quality and total cost of care service offering, introduced in 2010, can enable healthcare providers to effectively manage the health of a defined patient population, which the Company believes is a future direction of the manner in which healthcare services will be delivered in the United States.
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- Date
- March 2011
- Company
- Accretive Health, Inc.
- Transaction
- M&A
- Sectors
- Healthcare
- Target Geography
- North America
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