AdaptHealth on Jan. 5 announced the pricing of its underwritten public offering of 8 million shares at a price of $33 per share. Shares of the home medical equipment company lost 5.3% and closed at $33.89 on Tuesday. AdaptHealth’s (AHCO) offering consists of 7.25 million shares and an additional 0.75 million shares being sold by a selling stockholder. The company expects to raise gross proceeds of $239.25 million from the share sale. AdaptHealth said that it will not receive any sale proceeds from the selling stockholder.
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