IPC The Hospitalist Company Inc. (NYSE: IPCM), a North Hollywood, Calif.-based network of hospitalist physicians, has filed to sell five million shares in a secondary public offering. The company was trading at $22.08 per share prior to the announcement, which could value the sale at over $110 million. Credit Suisse and Jefferies & Co. are serving as co-lead underwriters.
Selling shareholders include Scale Venture Partners, Morgenthaler Ventures, Bessemer Venture Partners and CB Health Ventures. Each firm would retain an ownership position following the sale.
IPC went public this past January at $16 per share. www.ipcm.com