Foundation Healthcare plans to price public offering of common stock

Funds to be used for acquisitions, working capital, corporate purposes

By Devika Patel

Knoxville, Tenn., July 2 – Foundation Healthcare, Inc. will conduct a public offering of common stock with a greenshoe, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission.

Proceeds will be used for potential acquisitions of surgical hospitals, additional interests in equity owned hospitals, or acquisition and development of additional ancillary service lines, working capital and general corporate purposes.

The Oklahoma City company provides diagnosis and care management solutions for patients suffering from sleeps disorders.

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