IASIS Healthcare, an LBO'd hospital operator, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $300 million or more.
IASIS originally filed for an IPO in 2001, but later withdrew its $200 million offering. In 2004, the company was acquired by TPG.
The Franklin, TN-based company, which was founded in 1998 and booked $2.5 billion in sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol IAS. J.P. Morgan, BofA Merrill Lynch, Barclays, Evercore, Goldman Sachs and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.
