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Hospitalist Co. Sets IPO Terms

IPC The Hospitalist Company Inc., a North Hollywood, Calif.-based network of hospitalist physicians, has set its IPO terms to 4.7 million common shares being offered at between $15 and $17 per share. It plans to trade on the NYSE under ticker symbol IPCM, with Credit Suisse and Jefferies & Co. serving as co-lead underwriters. It would have an initial market cap of approximately $243.3 million, were it to price at the high end of its range.

 

Shareholders include Scale Venture Partners (31.79% pre-IPO stake), Morgenthaler Ventures (25.46%), Bessemer Venture Partners (17.41%) and CB Health Ventures (14.88%). www.ipcm.com