AdaptHealth plans to raise $239M in stock offering to help fund $2B acquisition

AdaptHealth Corp. plans to raise $239.25 million in a public stock offering expected to close later this week. The Plymouth Meeting-based home medical equipment supplier is selling 7.25 million shares of common stock at $33 per share. The offering also includes another 750,000 shares being sold by an undisclosed stockholder. The amount of the offering could grow by another $39.6 million with AdaptHealth (NASDAQ: AHCO) giving underwriters a 30-day option to purchase an additional 1.2 million shares…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news