Could be big: PharMEDium Healthcare files for a $100 million IPO

PharMEDium Healthcare Holdings, a national provider of compounded sterile preparations to acute care hospitals, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, we believe this could be a placeholder for a larger offering.

The Lake Forest, IL-based company, which was founded in 2003 and booked $430 million in sales for the 12 months ended June 30, 2015, plans to list on the NYSE under the symbol PMHC. Credit Suisse, J.P. Morgan, Morgan Stanley, BofA Merrill Lynch and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.