Shares of VISICU did well yesterday in the company's first day of trading, closing at $24.78--a jump of 55 percent over the stock's opening price of $16. That price makes the Baltimore maker of a high tech system designed to help hospitals monitor intensive care units more efficiently worth roughly $750 million. Some analysts had predicted a lackluster showing given potential legal problems facing the company this year--particularly a patent case filed by competitor iMDSoft. Wall Street, however, did not appear overly concerned. The company's IPO performance was the second best of the year to date.
- read this article from the Baltimore Sun
PLUS: Also doing well today is Tenet Healthcare, which saw shares rise 14 percent yesterday on word of a mistrial in the Alvarado Medical Center trial. Article