Nursing Home Operator SHG Holding Plans IPO
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An Orange County-based nursing home operator Tuesday said it planned an initial public stock offering to raise as much as $175 million.
Foothill Ranch-based SHG Holding Solutions Inc. is the parent of Skilled Healthcare Group, which operates more than 70 skilled-nursing and assisted-living centers in five states. The company also offers hospice care and physical therapy.
Onex Corp., a Toronto-based investment firm, bought the company for about $750 million in 2005 and is taking it public.
SHG Holding didn’t estimate the number of shares it expected to sell or give a price range.
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