Streamline Health® Announces Public Offering of Common Stock to Fund Proposed Acquisitions and Reduce Debt
<0> Streamline Health Solutions, Inc.Ashley MooreDirector, Marketing404-446-2057orRandy SalisburyInvestor Relations404-229-4242 </0>
(NASDAQ: STRM), a leading provider of knowledge management solutions for healthcare providers, today announced that it intends to offer 2,500,000 shares of its common stock, par value $0.01 per share, in an underwritten public offering, subject to market and other conditions. In addition, Streamline Health intends to grant the underwriters a 30-day option to purchase up to 375,000 additional shares of Streamline Health common stock to cover over-allotments, if any. There can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.
Streamline Health intends to use the net proceeds from the offering, if completed, to finance the proposed acquisition of two separate companies announced earlier today, and for general corporate purposes, including the repayment of a portion of Streamline Health’s outstanding debt.
Craig-Hallum Capital Group LLC and First Analysis Securities Corporation are serving as joint book-running managers for the offering.
The shares are being offered pursuant to an effective shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (SEC). The securities may be offered only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained from Craig-Hallum Capital Group, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, telephone 612-334-6342, email: . These documents will also be filed with the SEC and will be available at the SEC’s Web site at .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.
(NASDAQ: STRM) is a leading provider of SaaS-based healthcare information technology (HCIT) solutions for healthcare providers. The company's comprehensive suite of solutions includes: enterprise content management (ECM), business analytics, integrated workflow systems, clinical documentation improvement (CDI), and computer assisted coding (CAC). This unique combination of solutions is designed to help healthcare organizations manage the financial and operational challenges they face in the ever-changing world of healthcare today and in the future. For more information, please visit our website at .