MedCath Announces Pricing of Common Stock Offering
November 07 2006 - 7:30AM
PR Newswire (US)
CHARLOTTE, N.C., Nov. 7 /PRNewswire-FirstCall/ -- MedCath
Corporation (NASDAQ:MDTH) announced today the pricing of its public
offering of 4,500,000 shares of common stock, 1,700,000 of which
are being sold by the company and 2,800,000 of which are being sold
by certain selling stockholders, at $25.00 per share. The selling
stockholders have granted the underwriters the right to purchase up
to an additional 675,000 shares at the public offering price. The
company will not receive any proceeds from the sale of shares by
the selling stockholders. Citigroup Global Markets Inc., Wachovia
Capital Markets, LLC, and Deutsche Bank Securities, Inc., are
acting as joint book-running managers for the underwritten
offering. In addition, Banc of America Securities LLC, Raymond
James & Associates, Inc. and Stephens Inc. are acting as
co-managers for the offering. When available, a copy of the
prospectus relating to the offering may be obtained by contacting
Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th
Street, 8th Floor, Brooklyn, NY 11220 (tel: 718-765-6732); or from
Equity Syndicate Department of Wachovia Capital Markets, LLC, 375
Park Avenue, 4th Floor, New York, New York 10152 (Email: ); or from
Deutsche Bank Securities Inc. at 60 Wall Street, New York, New York
10005, (tel: 212-250-2500). A registration statement relating to
these securities has been filed with the Securities and Exchange
Commission and has become effective. This release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. Any offer or
sale will be made only by means of the written prospectus forming
part of the effective registration statement. MedCath Corporation,
headquartered in Charlotte, N.C., is a healthcare provider focused
primarily on the diagnosis and treatment of cardiovascular disease.
MedCath focuses on serving the unique needs of patients suffering
from cardiovascular disease. MedCath owns interests in and operates
eleven hospitals with a total of 667 licensed beds, located in
Arizona, Arkansas, California, Louisiana, New Mexico, Ohio, South
Dakota, and Texas. In addition, MedCath manages the cardiovascular
program at various hospitals operated by other parties. Further,
MedCath provides cardiovascular care services in diagnostic and
therapeutic facilities located in various states. DATASOURCE:
MedCath Corporation CONTACT: O. Edwin French, President & Chief
Executive Officer, or James E. Harris, Chief Financial Officer,
both of MedCath Corporation, +1-704-708-6600 Web site:
http://www.medcath.com/
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