IPO News Archive

Outsourced health information services provider HealthPort pulls IPO

11/19/09


HealthPort, which provides outsourced medical records release services to hospitals and clinics, pulled its IPO on Thursday due to valuation pressures. The Alpharetta, GA-based company was founded in 1975 and booked $254 million in sales for the 12 months ended 9/30/09. Deutsche Bank and William Blair were acting as the joint bookrunners on the deal.

HealthPort is the fourth company to pull its IPO in the last month. On October 29, emerging markets power infrastructure company AEI (AEI) canceled an originally planned $750 million IPO. In early November, skilled nursing facility owner Aviv REIT (AVI) pulled a $299 million offering while Texas-based bank PlainsCapital scrapped a $225 million IPO. All three companies faced similar valuation pressures from prospective IPO investors.

View IPO Profile: HPRT    AEI    AVI   
Source: www.RenaissanceCapital.com
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