initial public offerings (IPOs) trading on American exchanges

Saturday, May 7, 2011

WhiteGlove Health filed for an IPO

WhiteGlove Health, a low-cost primary and chronic care provider.

The firm is selling 2,500,000 shares of its common stock, estimating its IPO at between $9.00 and $13.00 a share. The firm filed for an IPO on May 2nd.

WhiteGlove House Call provides patients with mobile primary and chronic care, including physicals, lab work, vaccines, generic and over-the-counter medications, and "well-kits" (i.e. chicken noodle soup and Kleenex) delivered by nurse practitioners. The care is provided to members who join its health programs.

Unlike similar companies, WhiteGlove does not file insurance claims. Instead, its services are offered via membership to employers and the self-insured (often as a benefit of high-deductible plans), as well as through insurance companies like Aetna, Humana, and UnitedHealth. It operates in major markets in Texas, Massachusetts, and Arizona.

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