RehabCare Announces Full Exercise of Over-Allotment Option
November 16 2009 - 4:28PM
Business Wire
RehabCare Group, Inc. (NYSE: RHB) announced today that the
underwriters of its underwritten public offering of 5,400,000
shares of its common stock have exercised in full their option to
purchase an additional 810,000 shares of common stock at the public
offering price of $24.00 per share, less underwriting discounts and
commissions. The closing of the offering, including the
over-allotment option, is expected to take place on November 18,
2009, subject to customary closing conditions.
BofA Merrill Lynch and J.P.Morgan are serving as joint
book-running managers for the offering, and Deutsche Bank
Securities, RBC Capital Markets and Morgan Keegan & Company,
Inc. are serving as co-managers.
The shares are being offered pursuant to the Company’s effective
shelf registration statement on file with the Securities and
Exchange Commission (the “SEC”). A copy of the prospectus
supplement and related base prospectus for the offering has been
filed with the SEC and is available on the SEC’s website,
www.sec.gov. Alternatively, copies of the preliminary prospectus
supplement and the related base prospectus for the offering may be
obtained through BofA Merrill Lynch, 4 World Financial Center, New
York, NY 10080, Attention: Prospectus Department, or email
prospectus.requests@ml.com; or J.P. Morgan Securities Inc.,
Attention: Broadridge Financial Solutions at 1155 Long Island
Avenue, Edgewood, New York 11717, or by telephone at (631)
254-1735.
This press release is for informational purposes only and is not
an offer to buy or the solicitation of an offer to sell any
security of the Company, nor will there be any sale of such
security in any jurisdiction in which such offer, sale or
solicitation would be unlawful. Any offer will be made only by
means of a prospectus supplement and related base prospectus or by
a free writing prospectus in accordance with SEC rules.
With more than 25 years experience, RehabCare, a St.
Louis-based company, is a leading national provider of physical
rehabilitation services in conjunction with over 1,250 hospitals
and skilled nursing facilities in 41 states. The Company also owns
and/or operates freestanding rehabilitation and long-term acute
care hospitals across the country. RehabCare is included in the
Russell 2000 and Standard and Poor’s Small Cap 600 Indices.
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such statements are based
on the Company’s current beliefs and expectations and are subject
to significant risks and uncertainties. Actual results could differ
materially from those set forth in the forward-looking statements.
Factors that could cause actual results to differ from those set
forth in the forward-looking statements include, but are not
limited to, the introduction of new regulation, general business
and market conditions and other factors. Additional factors that
could cause results to differ materially from those described in
the forward-looking statements are discussed in the Company’s
filings with the SEC, including its most recent annual report on
Form 10-K, subsequent quarterly reports on Form 10-Q and current
reports on Form 8-K available at the SEC’s Internet site at
http://www.sec.gov. You are
cautioned not to rely on forward-looking statements as the Company
cannot predict or control many factors that affect its ability to
achieve the results estimated. The Company makes no promise to
update any forward looking statements as a result of changes in
underlying factors, new information, future events or
otherwise.
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