agilon health Announces Closing of Initial Public Offering & Full Exercise of Underwriters’ Option to Purchase Additional S...
April 19 2021 - 5:00PM
Business Wire
agilon health, inc. (NYSE: AGL), which partners with primary
care physicians to unlock value-based healthcare delivery,
announced the closing of its initial public offering of 53,590,000
shares of its common stock at the public offering price of $23.00.
The number of shares offered and sold by agilon health included the
full exercise of the underwriters’ option to purchase up to an
additional 6,990,000 shares of common stock. The gross proceeds of
the offering, before deducting underwriting discounts and
commissions and other expenses payable by agilon health, were
approximately $1,233 million.
agilon health’s common shares began trading on the New York
Stock Exchange on April 15, under the ticker symbol AGL.
J.P. Morgan, Goldman Sachs & Co. LLC, and BofA Securities
acted as lead book-running managers for the proposed offering.
Deutsche Bank Securities, Wells Fargo Securities, Nomura, William
Blair, and Truist Securities acted 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 was made only by means of a
prospectus. Copies of the final prospectus 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 have and 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 initial
public offering. 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/20210419005861/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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