Everside Health Files Registration Statement for Proposed Initial Public Offering

Rhea-AI Summary

Everside Health Group has filed a registration statement on Form S-1 with the SEC for a proposed initial public offering (IPO) of its common stock, with shares and price range yet to be determined. Everside plans to list its stock under the symbol EVSD on the New York Stock Exchange. Leading financial institutions, including Morgan Stanley and Goldman Sachs, will serve as book-running managers for this offering. The registration statement has not yet become effective, meaning securities cannot be sold or offered until it does.

Positive

• Preparation for IPO reflects growth strategy and market confidence.
• Potential for increased capital to expand operations and enhance services.

Negative

• No share or price range details, leading to uncertainty for investors.
• Possible dilution of existing shares once IPO takes place.

DENVER, July 16, 2021 /PRNewswire/ -- Everside Health Group, Inc. ("Everside") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Everside intends to list its common stock on the New York Stock Exchange under the symbol "EVSD."

Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, BofA Securities, and William Blair will act as book-running managers for the proposed offering. 

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from:

• Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email at prospectus@morganstanley.com;
• J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or by email at prospectus-eq_fi@jpmorganchase.com;
• Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526 or by email at prospectus-ny@ny.email.gs.com;
• BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by email at dg.prospectus_requests@bofa.com; or
• William Blair & Company, L.L.C., Attn: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, by telephone at (800) 621-0687 or by email at prospectus@williamblair.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Everside Health
Everside Health, formerly Paladina Health, Activate Healthcare and Healthstat, is one of the largest direct primary care providers in the U.S., operating 340+ health clinics in 33 states located at or near the facilities of its employer, union and other benefit sponsor clients. Everside's patient-focused, care-obsessed, technology-driven healthcare delivery model aligns incentives to benefit the patient, the physician and the benefit provider, all while reducing the total cost of care. Patients receive convenient, low- or no-cost access to physicians and 24/7 virtual care, reducing the need for costly ER use. Everside Health is based in Denver, Colorado.

Press Contact
EversideHealth@edelman.com

Investor Contact
Everside@Westwicke.com 

View original content:https://www.prnewswire.com/news-releases/everside-health-files-registration-statement-for-proposed-initial-public-offering-301335892.html

SOURCE Everside Health

FAQ

What is Everside Health's planned IPO date?

Everside Health has not specified a date for its initial public offering yet.

What is the symbol for Everside Health on the NYSE?

Everside Health plans to list under the symbol EVSD.

Who are the underwriters for Everside Health's IPO?

Morgan Stanley, J.P. Morgan, Goldman Sachs, BofA Securities, and William Blair are acting as book-running managers.

What is the current status of Everside Health's SEC filing?

The registration statement has been filed but not yet become effective.

What are the potential risks surrounding Everside Health's IPO?

Investors may face uncertainty due to the lack of share and price range details.