IASIS Healthcare is going public, files for $100M IPO

Franklin, Tenn.-based IASIS Healthcare intends to go public and has filed for an initial public offering.

On its S-1 filing, IASIS lists its maximum aggregate offering price as $100 million.

The number of shares to be offered and the price range for the proposed offering have not yet been determined.

IASIS plans to use the net proceeds from the offering to repay existing indebtedness with the remainder to be used "for working capital and general corporate purposes," according to a release.

J.P. Morgan Securities, BofA Merrill Lynch and Barclays Capital are acting as lead joint book-running managers in the proposed offering.

IASIS operates 15 acute-care hospitals, one behavioral hospital, 132 physician clinics and a number of other centers.

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