This article was originally published in The Gray Sheet
Internet-based electronic medical record product and services firm goes public Dec. 10 via an initial offering of 5.9 mil. shares at $17 each. The deal included 600,000 overallotment shares from an option for 795,000 granted to underwriters. Proceeds are tabbed for working capital, general corporate purposes and potential acquisitions. Hillsboro, Oregon-based MedicaLogic says it will "provide a website that will allow patients to communicate with their physicians and access their medical records, health care information and certain related services." The stock is trading on the Nasdaq exchange under the symbol "MDLI." Underwriters for the offering include Donaldson Lufkin & Jenrette, BancBoston Robertson Stephens, U.S. Bancorp Piper Jaffray, and DLJdirect
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