agilon health Announces Pricing of Initial Public Offering
April 14 2021 - 6:00PM
Business Wire
agilon health, inc. (“agilon health”), which partners with
primary care physicians to unlock value-based healthcare delivery,
announced the pricing of its initial public offering of 46,600,000
shares of its common stock at a public offering price of $23.00.
All of the shares of common stock are being offered by agilon
health. The gross proceeds of the offering, before deducting
underwriting discounts and commissions and other expenses payable
by agilon health, are expected to be approximately $1,072 million.
agilon health has granted the underwriters a 30-day option to
purchase up to an additional 6,990,000 shares of its common stock
at the initial public offering price, less underwriting discounts
and commissions.
The shares are expected to begin trading on the New York Stock
Exchange on April 15, under the ticker symbol AGL. The offering is
expected to close on April 19, 2021, subject to customary closing
conditions.
J.P. Morgan, Goldman Sachs & Co. LLC, and BofA Securities
are acting as lead book-running managers for the proposed offering.
Deutsche Bank Securities, Wells Fargo Securities, William Blair,
Truist Securities, and Nomura are acting as additional book-running
managers.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(“SEC”) on April 14, 2021. The offering is being made only by means
of a prospectus. Copies of the preliminary prospectus, when
available, may be obtained from: J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, or by telephone at (866) 803-9204, or by email at
prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, New
York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or
by emailing prospectus-ny@ny.email.gs.com; or BofA Securities,
Attention: Prospectus Department, NC1-004-03-43, 200 North College
Street, 3rd Floor, Charlotte, NC 28255-0001, or by email at
dg.prospectus_requests@bofa.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy securities, 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 offers, solicitations or offers to buy, or any
sales of securities will be made in accordance with the
registration requirements of the Securities Act of 1933, as
amended.
About agilon health
agilon health is transforming healthcare by empowering
community-based physicians with the resources and expertise they
need to innovate the payment and delivery of care for seniors.
agilon health enables physicians to create their own
Medicare-centric globally capitated line of business. The agilon
Total Care Model is powered by our purpose-built platform and
enabled through a growing national network of like-minded physician
partners. With agilon, physicians are freed from the constraints of
the transactional fee-for-service reimbursement model and are able
to practice team-based, coordinated care to serve the individual
needs of their senior patients and to transition to a sustainable
and predictable, long-term business model. The rapidly growing
appeal of the agilon platform, partnership model and network of
leading community-based physicians has allowed us to expand to 17
local communities with 16 anchor physician groups, as well as a
network of physicians across Hawaii, in fewer than five years.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering. No assurance can be given that
the offering discussed above will be completed on the terms
described, or at all. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of agilon
health, including those set forth in the Risk Factors section of
the registration statement and the preliminary prospectus included
therein. Copies are available on the SEC’s website at www.sec.gov.
agilon health undertakes no obligation to update these statements
for revisions or changes after the date of this press release,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210414005921/en/
Investor Contact Matthew Gillmor VP of Investor Relations
investor.relations@agilonhealth.com
Media Contact Shannan Siemens Managing Director, Mercury
media@agilonhealth.com
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