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Health insurance provider eHealth announces terms for IPO

September 25, 2006

eHealth, an online source of health insurance for individuals, families and small businesses, announced the terms for its IPO on Monday. The company plans to offer 5 million shares at a range of $10-$12, giving the deal a proposed market cap of $271 million. Morgan Stanley, Merrill Lynch, Thomas Weisel and JMP Securities are set to mange the deal, which is expected to price the week of October 9th.