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Health IT Company Goes Public

February 3, 2012
by Gabriel Perna
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The biggest initial public offering (IPO) news this week has of course been the announcement about Facebook going public. However, the popular social networking company isn’t the only one who is hitting the stock market. Greenway Medical Technologies, Inc., which provides an integrated, single-database electronic health record (EHR), practice management and interoperability software solution, recently announced it went public.

The company, based out of Carrollton, Ga., announced the pricing of its initial public offering of 6,666,667 shares of common stock at $10.00 per share. The company is offering 5,388,833 shares of common stock and selling stockholders are offering 1,277,834 shares of common stock. In addition, the underwriters were granted a 30-day option to purchase up to 1,000,000 additional shares of common stock from Greenway at the initial public offering price.

Greenway, which will trade under the GWAY ticker, says it will not receive any proceeds from the sale of shares by the selling stockholders.

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