On Wednesday morning, Surgical Care Affiliates' stock price rose 15 percent from $24 per share to $27.60, according to an ABC News report.
The company is selling 7.9 million shares for $188.6 million, while the remaining stocks of the total 9.8 million to be sold will be sold by company shareholders.
SCA shares are currently trading on the NASDAQ Global Select Market with the ticker symbol SCAI.
More Articles on Transactions and Valuation Issues:
Johnson City Medical Center Debuts New $63M Surgery Center
Amsurg EVP Sells 1.5k Shares
What to Consider Before Selling an ASC
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.