ATLANTA …Â PracticeWorks (Amex: PRW), which develops software-based information technology for dentists, orthodontists and oral and maxillofacial surgeons, is conducting a secondary stock offering of 4,523,026 shares, priced at $15.50 per share.
The company is offering 3.75 million shares, and existing shareholders are offering the remaining 773,026 shares. Officials couldn’t be reached for comment on their plans for the $58 million the offering would raise.
William Blair & Co. is the lead managing underwriter, and Jefferies & Co., A.G. Edwards & Sons and Sanders Morris Harris are the co-managing underwriters of the offering. PracticeWorks has granted to the underwriters an option to purchase up to an additional 678,454 shares of common stock to cover over-allotments, if any.
PracticeWorks’ product offerings include practice management applications, digital imaging, electronic data interchange services, Internet services and ongoing maintenance, support and training related to all products.
PracticeWorks website: www.practiceworks.com
