Atlanta, GA - Paul Hastings LLP, a leading global law firm, announced today that it represented ExamWorks Group, Inc. (NYSE: EXAM) in a $104 million secondary offering. ExamWorks is a leading provider of independent medical exams, peer reviews, bill reviews, Medicare compliance and other related services.
Deutsche Bank Securities Inc. acted as the sole underwriter for the offering.
The public offering was for 3,096,274 shares of its common stock by certain selling stockholders, which represents approximately 8.0% of the total outstanding common stock, at a public offering price of $33.90 per share, resulting in $104,963,688 aggregate proceeds to the selling stockholders, before underwriting discount and commissions. In addition, the selling stockholders have granted the underwriter a 30-day option to purchase up to an additional 464,443 shares of common stock.
Corporate partner Rey Pascual led the Paul Hastings team, which included associates Stewart Moran, Brian Teras and Alexandra Greene.
Paul Hastings has represented ExamWorks since its incorporation in 2007 and has since that time represented ExamWorks in connection with over 30 acquisitions, ExamWorks' debt and equity financings, and numerous other matters. In addition to representing ExamWorks in its IPO in 2010, the firm most recently also represented the company in connection with its $75 million acquisition of Gould & Lamb in February 2014.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.