Emdeon Inc., a Nashville, Tenn.-based provider of revenue cycle management services for healthcare providers, has set its IPO terms to 21.45 million common shares being offered at between $13.50 and $15.50. It could raise upwards of $332 million at the highh end of its range, which is well lower than its original filing target of $460 million.
The offering will be of Class A stock, while principal shareholders General Atlantic and Hellman & Friedman will hold Class B and Class C shares, respectively, which will have 10 votes per share.
The company plans to trade on the NYSE with Morgan Stanley serving as lead underwriter. www.emdeon.com