Phreesia Completes $201.8 Million Follow-On Offering

Healthcare

Phreesia follow-on offering


Summary

Phreesia, Inc. (“Phreesia” or the “Company”) (NYSE: PHR) recently completed an underwritten secondary public offering of a total of 7,762,500 shares of its common stock by certain of Phreesia’s existing stockholders, which included the full exercise of the underwriters’ option to purchase 1,012,500 additional shares from the selling stockholders. The shares were sold at a public offering price of $26.00 per share and generated gross proceeds of approximately $201.8 million. The Company did not receive any proceeds from the sale of the shares.

Baird served as co-manager on this offering.

About

Phreesia gives healthcare organizations a suite of robust applications to manage the patient intake process. The Company’s innovative SaaS platform engages patients in their healthcare and provides a modern, consistent experience, while enabling healthcare organizations to optimize their staffing, boost profitability and enhance clinical care. Phreesia is headquartered in New York, New York.
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Healthcare

Phreesia follow-on offering

Date
December 2019
Company
Phreesia, Inc.
Transaction
Equity Capital Markets
Sectors
Healthcare
Verticals
Healthcare IT & Services
Target Geography
North America

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