AdaptHealth offers shares
By HME News Staff
Updated 8:21 AM CST, Thu January 7, 2021
PLYMOUTH MEETING, Pa. – AdaptHealth has commenced an underwritten public offering of 7 million shares of its Class A Common Stock, and certain selling stockholders intend to offer and sell an additional 1 million shares of the Company’s Class A Common Stock, subject to market and other conditions. In conjunction with the offering, AdaptHealth intends to grant to the underwriters a 30-day option to purchase up to 1.2 million additional shares of Class A Common Stock. The funds will be used to finance its acquisition of AeroCare Holdings, the closing of which is not dependent on the offering and the offering is not dependent on the closing of the acquisition. AdaptHealth announced late last year that it would acquire AeroCare for $2 billion in cash and shares.
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