Sheridan Healthcare Hires Banks for IPO of Up To $500M

Sunrise, Fla.-based Sheridan Healthcare announced it has hired banks for an initial public offering that could raise up to $500 million and value the company at more than $2 billion, according to a Wall Street Journal report.

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The company, owned by private-equity firm Hellman & Friedman, has hired Credit Suisse Group, Barclays and Goldman Sachs to lead the offering.

An IPO would mark a return to the public markets for Sheridan, which was taken private by Vestar Capital Partners in 1999 for about $155 million, according to the report.

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