A Medical Device Daily
Sirona (Long Island City, New York) reported the pricing of the public secondary offering of 7.5 million shares of its common stock by Sirona Holdings Luxco S.C.A. at a price to the public of $23.75 per share. The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares to cover any over-allotments.
The company will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder in this offering, but will pay certain expenses.
J.P. Morgan Securities and BofA Merrill Lynch are the joint book-running managers for the offering. William Blair & Co., is co-lead manager and Jefferies & Company, and Credit Suisse Securities are co-managers.
The offering is being made under a shelf registration statement filed with the SEC, and is expected to close on Aug. 12.
In other financing activity, Emergency Medical Services (EMS; Greenwood Village, Colorado) reported that certain of its equity holders, primarily affiliates of Onex (Toronto), have priced a public secondary offering of 8 million shares of class A common stock at $40 per share. The size of the offering was increased from the previously reported 7 million shares of class A common stock. The underwriters will have a 30-day option to purchase up to an additional 1.2 milion shares of class A common stock. The offering is expected to close on Aug. 12, subject to customary closing conditions.
EMS will not receive any proceeds from the offering. The shares are being offered by affiliates of Onex and represent about 25% of the Onex entities' equity interests in EMS.
After giving effect to this offering, the Onex entities will own about 57% of the equity interests in EMS and nearly 92% of the combined voting power, not including the impact of any exercise by the underwriters of the 30-day option to purchase additional shares of class A common stock.
BofA Merrill Lynch, Goldman, Sachs & Co. and Credit Suisse are acting as joint bookrunners for the offering.