Ac­cre­tive Health IPO closed at $13.55 per share last week

Modern Healthcare - - Late News -

Ac­cre­tive Health priced its stock at $12 per share for its ini­tial pub­lic of­fer­ing last week, be­low the $14 to $16 the rev­enue-cy­cle technology com­pany first pro­posed. The stock fin­ished its first week at $13.55. Ac­cre­tive of­fered roughly 6.7 mil­lion shares, as ini­tially an­nounced, but stock­hold­ers cut their planned is­sue in half for the IPO to 3.3 mil­lion shares, the com­pany said in a reg­u­la­tory fil­ing. As­cen­sion Health, St. Louis, one of Ac­cre­tive Health’s four largest stock­hold­ers, will hold an 8.5% stake in Chicago-based Ac­cre­tive af­ter the of­fer­ing, the reg­u­la­tory fil­ing said. Ac­cre­tive re­ported As­cen­sion ex­er­cised two war­rants to buy 874,532 shares at a price of $4.43 per share and 437,268 shares at a price of $10.25.

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