BANNOCKBURN, Sick., Sept. 07, 2021 (GLOBE NEWSWIRE) — Choice Care Well being, Inc. (“Choice Care Well being” or the “Firm”) (NASDAQ: OPCH) introduced in the present day that an affiliate of Madison Dearborn Companions (the “Promoting Stockholder”) has agreed to promote 9,200,000 shares of the Firm’s frequent inventory at a value to the general public of $26.90 per share in an underwritten public providing. The providing is anticipated to shut on September 9, 2021, topic to customary closing circumstances. The Firm is not going to obtain any proceeds from the providing.
This sale of shares represents roughly 5.1% of the present shares excellent. Upon completion of this providing, the Promoting Stockholder’s curiosity within the Firm will likely be lowered to 21.1% of the excellent shares, from the present 26.2%.
In step with the August 2021 secondary providing, Madison Dearborn Companions and Walgreen Co., an entirely owned subsidiary of Walgreens Boots Alliance, Inc. (“Walgreens”), have agreed in precept to allocate all the Promoting Stockholder’s providing proceeds to associates of Madison Dearborn Companions and different equityholders of the Promoting Stockholder. In consequence, Walgreens will preserve its roughly 21% oblique monetary curiosity in Choice Care Well being following this providing.
Goldman Sachs & Co. LLC is appearing as the only underwriter for the providing.
A shelf registration assertion on Type S-3 referring to the shares of frequent inventory was filed with, and declared efficient by, the Securities and Trade Fee (the “SEC”). The providing could also be made solely by way of a prospectus complement and the accompanying prospectus, which will likely be filed with the SEC. Chances are you’ll get these paperwork without spending a dime by visiting the SEC’s web site at www.sec.gov. Alternatively, copies could also be obtained from:
Goldman Sachs & Co. LLC
Attn: Prospectus Division
200 West Road
New York, New York 10282
Electronic mail: [email protected] mail.gs.com
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase nor might there be any sale of any securities in any state or jurisdiction through which such a suggestion, solicitation or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
About Choice Care Well being
Choice Care Well being is the nation’s largest unbiased supplier of house and alternate web site infusion companies. With over 5,000 teammates, together with roughly 2,900 clinicians, we work compassionately to raise requirements of look after sufferers with acute and persistent circumstances in all 50 states. By means of our scientific management, experience and nationwide scale, Choice Care Well being is reimagining the infusion care expertise for sufferers, clients and teammates.
Ahead-Wanting Statements – Secure Harbor
This press launch might comprise “forward-looking statements” throughout the that means of the secure harbor provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements might be recognized by phrases comparable to: “anticipate,” “intend,” “plan,” “consider,” “challenge,” “estimate,” “anticipate,” “might,” “ought to,” “will” and comparable references to future intervals. Examples of forward-looking statements embrace statements in regards to the Firm’s skill to consummate the providing and the Firm’s use of proceeds from the providing.
Ahead-looking statements are neither historic info nor assurances of future efficiency. As an alternative, they’re primarily based solely on our present beliefs, expectations and assumptions relating to the way forward for our enterprise, future plans and techniques, projections, anticipated occasions and traits, the financial system and different future circumstances. As a result of forward-looking statements relate to the long run, they’re topic to inherent uncertainties, dangers and adjustments in circumstances which might be troublesome to foretell and lots of of that are exterior of our management. Our precise outcomes and monetary situation might differ materially from these indicated within the forward-looking statements. For an in depth dialogue of the components that would have an effect on our precise outcomes and monetary situation, please check with the chance components recognized in our SEC experiences, together with, however not restricted to, our Annual Report on Type 10-Okay and Quarterly Experiences on Type 10-Q, as filed with the SEC.
Any forward-looking assertion made by us on this press launch relies solely on info at the moment accessible to us and speaks solely as of the date on which it’s made. We undertake no obligation to publicly replace any forward-looking assertion, whether or not written or oral, which may be made occasionally, whether or not on account of new info, future developments or in any other case.
For Investor Inquiries:
Mike Shapiro, Chief Monetary Officer
Choice Care Well being