Home-health provider Almost Family, Louisville, Ky., said it has priced 2.25 million common shares of stock at a price of $17.75 per share in a public offering that is expected to close on April 16. Net proceeds from the offeringafter underwriting discounts and estimated offering expenseswill be about $37 million, and will be used to repay debt and other general corporate purposes, the company said in a news release.
Jefferies & Co. acted as the manager and underwriter for the deal, and has been granted the option of purchasing up to 337,500 additional common shares, the company said.
Almost Family was established in 1976 and operates 78 branch locations in nine states. In order of the states that generate the most revenue to the least, those states are: Florida, Kentucky, Ohio, Connecticut, Massachusetts, Missouri, Alabama, Illinois and Indiana. -- by Jessica Zigmond