Symbion, a surgery center company based in Nashville, is making a second attempt to take the company public. Symbion filed with the Securities and Exchange Commission to sell up to $115 million of stock in an initial public offering. The company said that $31.8 million of the proceeds would be used to pay holders of its preferred stock and the rest would be used to pay off debt. Symbion filed for its first IPO in May 2002 but withdrew the application in April. For the nine months ended Sept. 30, Symbion earned $10.3 million on $128.8 million in revenue, compared with profits of $8.3 million on revenue of $102.8 million in the year-ago period. The SEC filing also said Symbion completed a deal this week with MediSphere Health Partners, Nashville, to acquire three surgery centers and take over management of a fourth. Two of the centers are licensed as hospitals. Symbion now owns and operates 33 surgery centers and manages eight. -- by Vince Galloro
Surgery center company plans new attempt at IPO
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