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FORT MYERS — 21st Century Oncology Holdings filed documents with regulators to offer stock to the public, citing plans to raise as much as $300 million.
Although the company says it hasn't finalized the number of shares it plans to sell or the price, registration documents filed with the Securities and Exchange Commission show it might raise as much as $300 million. The lead underwriters of the deal include Morgan Stanley, J.P. Morgan and Wells Fargo Securities.
The company, formerly known as Radiation Therapy Services, operates 179 cancer-treatment centers in the U.S. and Latin America. It says it plans to use the money from the stock offering to repay outstanding debt and for general corporate purposes.
The privately held company returns to the stock after a nearly four-year stint as a publicly traded company from 2004 to 2007. Private equity firm Vestar Capital Partners acquired Radiation Therapy Services in early 2008, taking it private in a $1.1 billion deal.
You can read a story about how that deal came together on the eve of the financial crisis here.
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