Adeptus Health Prices 4.9 Mln Shares IPO At $22/shr - Quick Facts

(RTTNews) - Adeptus Health, Inc., owner and operator of First Choice Emergency Room, the largest network of independent freestanding emergency rooms in the U.S., announced the pricing of its initial public offering of 4.9 million Class A shares at a public offering price of $22.00 per share. The shares may begin trading today on the New York Stock Exchange under the symbol "ADPT."

All these shares are being offered by Adeptus. The proceeds from the offering are likely to be around $93.0 million, after deducting underwriting discounts and commissions and estimated offering expenses, and would be used to repay some or all of Adeptus' outstanding indebtedness. The offering may close on June 30, 2014.

Deutsche Bank Securities Inc., Goldman, Sachs & Co., Evercore Group L.L.C. and Morgan Stanley & Co. LLC are acting as joint book-running managers.