Accretive Health To Launch $200M IPO

Law360, New York (September 30, 2009, 2:39 PM EDT) -- Accretive Health Inc., which manages revenue cycles for doctors and hospitals, has announced that it plans to raise as much as $200 million in an initial public offering.

Chicago-based Accretive will list its shares of common stock on the New York Stock Exchange at an unspecified date, according to a filing registered with the U.S. Securities and Exchange Commission on Tuesday.

Accretive plans to use the proceeds it earns from the offering for general corporate purposes, including financing its growth; developing new services; and funding capital...
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