Pharmaceutical Business review

IPC The Hospitalist closes public offer

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.