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Accretive Health Announces Pricing of Its Initial Public Offering

^{Published on 2010-05-20 01:00:49 - Market Wire}
 

CHICAGO--([ BUSINESS WIRE ])--Accretive Health, Inc. (NYSE:AH), a provider of end-to-end revenue cycle management services for U.S. healthcare providers today announced the initial public offering of 10,000,000 shares of its common stock at a price to the public of $12.00 per share. Of the 10,000,000 shares being offered to the public, 6,666,667 shares are being offered by Accretive Health and 3,333,333 shares are being offered by selling stockholders. In addition, the underwriters have a 30-day option to purchase up to an additional 1,500,000 shares. Accretive Healtha™s common stock is expected to begin trading on the New York Stock Exchange under the symbol "AH" on May 20, 2010.

Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated are joint book runners for the offering. Robert W. Baird & Co. Incorporated and William Blair & Company, L.L.C. are acting as co-managers of the offering.

A registration statement relating to this offering was filed with and declared effective by the U.S. Securities and Exchange Commission. This offering was made solely by means of a prospectus. A copy of the prospectus relating to this offering may be obtained from Goldman, Sachs & Co., 200 West Street, New York, New York 10282-2198, Attention: Prospectus Department, telephone (866) 471-2526; or from Credit Suisse Securities (USA) LLC, Madison Avenue, New York, New York 10010, Attention: Prospectus Department, telephone (800) 221-1037.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Accretive Health

Accretive Health is a leading provider of healthcare revenue cycle management services. Accretive Healtha™s business purpose is to help U.S. healthcare providers to more efficiently manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, bill preparation and collections.