21st Century Oncology Holdings, the largest integrated network of cancer care centers and affiliated physicians, lowered the proposed deal size for its upcoming IPO on Wednesday. The Fort Myers, FL-based company now plans to raise $100 million by offering 11.1 million shares at a price range of $8 to $10. The company had previously filed to offer 13.3 million shares at a range of $14 to $16. At the midpoint of the revised range, 21st Century Oncology Holdings will raise 50% less in proceeds than previously anticipated. 21st Century Oncology Holdings, which was founded in 2007 and booked $796 million in sales for the 12 months ended 3/31/2014, plans to list on the NYSE under the symbol ICC. 21st Century Oncology Holdings initially filed confidentially on 12/10/2013. Morgan Stanley, J.P. Morgan and Wells Fargo Securities are the joint bookrunners on the deal. It is expected to price during the week of May 19, 2014.
