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news.IPC The Hospitalist Company has closed its public offering of 3.5 million shares.
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The company said that the underwriters of the offering have exercised their over-allotment option and purchased 525,000 additional shares of common stock from the selling stockholders at the public offering price of $18.50 per share.
The company sold 1.13 million shares in the offering, and including the over-allotment, the selling stockholders sold 2.88 million shares in the offering.
Credit Suisse Securities (US) and Jefferies & Company, acted as joint book-running managers for the offering. William Blair & Company, Deutsche Bank Securities, and Wachovia Capital Markets, acted as co-managers for the offering.