Symbion, a Nashville, Tenn.-based ambulatory surgery center company, this week withdrew plans for an initial public stock offering, citing continued weakness in equity markets.
In a document filed with the Securities and Exchange Commission, Symbion says it may offer shares to private investors instead. Company officials did not return calls Thursday seeking further comment.
Symbion filed papers with the Securities and Exchange Commission on May 31, 2002, registering for an IPO worth up to $115 million, but never moved forward with the plan.
The company owns and/or operates 39 ASCs and one imaging center in 16 states, according to Symbion's Web site. It has three additional surgery centers under development.