Wednesday, August 14, 2013

Reuters: Global Markets: U.S. ambulance operator Envision's shares rise 10 percent in debut

Reuters: Global Markets
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U.S. ambulance operator Envision's shares rise 10 percent in debut
Aug 14th 2013, 13:54

Wed Aug 14, 2013 9:54am EDT

(Reuters) - Shares of Envision Healthcare Holdings Inc (EVHC.N), owner of the largest U.S. ambulance service, rose 10 percent in their market debut, valuing the company at $4.24 billion.

Envision, formerly known as Emergency Medical Services Corp, priced its initial public offering of 42 million shares at $23 per share - at the high end of the expected range of $20 to $23.

Apart from medical transportation, the Greenwood Village, Colorado company also has a presence in hospital/inpatient care, radiology surgery and tele-medicine.

Envision shares were at $25.14 in early trading on the New York Stock Exchange.

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