MedCath Completes Common Stock Offering
November 10 2006 - 4:30PM
PR Newswire (US)
CHARLOTTE, N.C., Nov. 10 /PRNewswire-FirstCall/ -- MedCath
Corporation (NASDAQ:MDTH) announced today the completion of its
public offering of 4,500,000 shares of common stock, 1,700,000 of
which were sold by the company and 2,800,000 of which were 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 did 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., acted as
joint book-running managers for the underwritten offering. In
addition, Banc of America Securities LLC, Raymond James &
Associates, Inc. and Stephens Inc. acted as co-managers for the
offering. 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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