ExamWorks Files for IPO

(Reuters) – ExamWorks Group Inc filed with U.S. regulators on Friday to raise up to $172.5 million in an initial public offering of its common stock.

The Atlanta-based medical legal services provider said it intends to use the proceeds from the offering to repay debt, to fund acquisitions and for general corporate purposes.

The company said it plans to list its common stock under the ticker symbol “EXAM” on the New York Stock Exchange, but did not specify the number of shares it plans to sell or their expected price.

ExamWorks told the U.S. Securities and Exchange Commission in a preliminary prospectus that Goldman Sachs and Credit Suisse Securities were underwriting the IPO. (Reporting by Abhinav Sharma in Bangalore; Editing by Unnikrishnan Nair)

peHUB Note: ExamWorks shareholders include Compass Partners