NEW YORK - Accretive Health Inc AH.N, a provider of technology and services aimed at helping hospitals manage their revenue cycles, plans to raise as much as $200 million in an initial public offering, according to a prospectus filed with U.S. regulators.
The Chicago-based company said it plans to list its shares on the New York Stock Exchange but it did not specify the terms or possible date for the IPO in the filing with the U.S. Securities and Exchange Commission.
Accretive Health plans to use the proceeds in part to pay its preferred shareholders, concurrently with the conversion of their shares into common stock.
Its board includes prominent people such as Edgar Bronfman Jr., chief executive officer of Warner Music Group Corp (WMG.N), and former U.S. Secretary of State George Shultz.
Its revenues grew 27.2 percent in the first half of year from a year before to $238.1 million.
The IPO is being led by Goldman Sachs & Co, Credit Suisse, JP Morgan and Morgan Stanley. (Reporting by Phil Wahba, editing by Gerald E. McCormick)