Bay Street Group LLC’s Post

As OneStream goes public, how it adds up for finance professionals: OneStream leaders may still be nursing celebratory hangovers after their IPO debut in NYC this week. The deal was over-subscribed. The share price beat expectations. And, most importantly, the raised a lot of capital to fuel future growth. Here’s the quick take on the deal. http://dlvr.it/TB5d2T

As OneStream goes public, how it adds up for finance professionals: OneStream leaders may still be nursing celebratory hangovers after their IPO debut in NYC this week. The deal was over-subscribed. The share price beat expectations. And, most importantly, the raised a lot of capital to fuel future growth. Here’s the quick take on the deal. http://dlvr.it/TB5d2z

CareMax is bankrupt Here's the situation: Started as a VBC org in FL. Went public via SPAC in 2021 Acquired Steward's VBC business in 2022 And we certainly know the Steward saga Here's CareMax's Q2 numbers: $123M current assets $530M current liabilities $454M total assets $602M total liabilities Q1-Q2: $431M revenue ($174M) op income ($214M) net income ($48M) cash from ops We don't have Q3 numbers because they are delayed due to bankruptcy filings More fun info: Jan 1 2024 it issued a 1-30 reverse stock split to avoid delisting It took a $133M impairment write down of assets Ralph de la Torre is on the board of directors It hasn't paid physicians in over a year It is now bankrupt More high profile healthcare companies are going bankrupt Commonalities? SPAC VC PE Those seem to be a common theme Maybe it's time to recognize that healthcare is not to be leveraged for enrichment and profit only Maybe healthcare is best left local, run by people who know what it means to deliver real care Paging all clinicians P.S. This is definitely going to be a breakdown, so if you want to see it, pull up a chair at The Healthcare Breakdown, the newsletter that breaks down the business of healthcare so you can see why everything keeps breaking down Check it out here: https://lnkd.in/gVRtQGZN See you out there!

BREAKING NEWS: Farmington, Utah-based PACS Group is slated to "go public" on the NYSE today (Thurs., 11 April 2024) raising ~$450 million in the process at a valuation of roughly $3.1 billion through this #IPO. (See https://lnkd.in/gd8ybjJM for a short overview of this story.) If you're like most Utahns in the #business community, chances are you've never heard of #PACSGroup before. But it's one of the largest #SkilledNursingFacility owner/operators in the U.S., with 208 #SNFs in its network across 9 states. And in 2023, #PACS brought in $3.1 billion in revenue, making it the 3rd-largest #healthcare provider in the state. To get the full details, please turn to Utah Money Watch to read "Farmington-based PACS is Poised to Shock Utah's Biz Community with its $3.1 Billion IPO Slated to Hit Today, Thursday, 11 April 2024" ... here: https://lnkd.in/gA_wbFnR. #utah #utahnews #utahmoneynews #moneynews #utahfinancialnews #financialnews #initialpublicoffering #iponews #raisingmoney #healthcare #utahmoneywatch

Today, our team rang the opening bell at Nasdaq, marking our IPO under the symbol $OS! This is a tremendous milestone in our company’s 12-year history and a monumental accomplishment. We’re incredibly grateful for all our OneStreamers on this journey with us – this is possible because of our world class team! We couldn’t be more excited for the road ahead as we continue to expand our mission to modernize the Office of the CFO and Take Finance Further! Disclaimer: The proposed offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from: Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, New York 10014, or email: prospectus@morganstanley.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or email: prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on July 23, 2024. This communication shall not constitute an offer to sell or the solicitation of an offer to buy OneStream securities, nor shall there be any sale of OneStream securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Today, our team rang the opening bell at Nasdaq, marking our IPO under the symbol $OS! This is a tremendous milestone in our company’s 12-year history and a monumental accomplishment. We’re incredibly grateful for all our OneStreamers on this journey with us – this is possible because of our world class team! We couldn’t be more excited for the road ahead as we continue to expand our mission to modernize the Office of the CFO and Take Finance Further! Disclaimer: The proposed offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from: Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, New York 10014, or email: prospectus@morganstanley.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or email: prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on July 23, 2024. This communication shall not constitute an offer to sell or the solicitation of an offer to buy OneStream securities, nor shall there be any sale of OneStream securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

When it comes to the valuation of joint ventures and leased facilities in the health care space, there are many challenges inherent in deriving valuation metrics from comparable public companies or M&A transactions. While the recent IPO of Ardent Health (ARDT) showcases the company’s unique attributes, it does also complicate attempts at using ARDT for comparability studies. https://lnkd.in/gd8kjpeU

When it comes to the valuation of joint ventures and leased facilities in the health care space, there are many challenges inherent in deriving valuation metrics from comparable public companies or M&A transactions. While the recent IPO of Ardent Health (ARDT) showcases the company’s unique attributes, it does also complicate attempts at using ARDT for comparability studies. https://lnkd.in/ghZ7adQe

📊 Inventurus Knowledge Solutions Limited IPO 📊 IKS Health, a technology-driven healthcare solutions provider, is gearing up for its IPO debut. The company specializes in care enablement platforms, assisting healthcare providers in improving clinical outcomes and optimizing revenue streams, with a strong presence across the US, Canada, and Australia. IPO Details: • Opening Date: December 12, 2024 • Closing Date: December 16, 2024 • Price Band: ₹1,265–₹1,329 per share • IPO Size: ₹2,497.92 crore (Offer for Sale of 1.88 crore shares) • Lot Size: 11 shares • Listing: NSE & BSE Key Highlights:  ✨ Global Presence: Supports 778+ healthcare organizations, including renowned clients like Mass General Brigham Inc. ✨ Financial Growth: Reported revenue of ₹1,817.93 crore in FY2024, with a PAT of ₹370.49 crore. ✨ Operational Excellence: Achieved robust EBITDA and PAT margins of 28.62% and 20.38%, respectively, in FY2024. ✨ Skilled Workforce: 13,528+ employees, including 2,612 clinically trained professionals. Points for Caution:  ⚠ Valuation Concerns: With a PE ratio of 57.11–60, the IPO appears expensive, potentially limiting immediate listing gains. ⚠ Profit Margin Decline: PAT margins have dropped significantly from 29.60% in FY2023 to 20.38% in FY2024, indicating profitability challenges. ⚠ Limited Fresh Issue: Entire IPO is an Offer for Sale, with no proceeds going to the company. ⚠ Industry Risks: Dependence on the healthcare sector exposes the company to regulatory changes and demand fluctuations in key markets. Pradeep T and Potnuru S. N. Naveen Prosync Consulting Private Limited Disclaimer: This post is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and/or consult with a financial advisor before making investment decisions. #IPO #InvestmentOpportunity #InventurusKnowledgeSolutions #StockMarket #FinancialNews #BusinessGrowth #Investing #IPOInvestment #KnowledgeSolutions #LimitedIPO #InvestmentStrategy #MarketAnalysis #IPOInsights #InvestmentTips #InvestmentTips #FinancialAdvice #InvestmentStrategy #InvestmentPortfolio #InvestmentGoals #Investing101

🚀📈 Did you catch the latest buzz? Ardent Health just made its IPO debut on the NYSE! Priced at $16, below estimates, signaling cautious optimism in the for-profit health sector. 🏥💸 [+ or -?] Ardent Health Partners, headquartered in Nashville, is now trading publicly, setting a crucial tone for future healthcare-related IPOs. With a starting stock price of $16, it’s an intriguing moment to gauge investor confidence in this industry. Despite the lower-than-expected pricing, the move indicates a strategic approach to attract investment amidst volatile market conditions. For business insiders considering similar ventures, Ardent's IPO offers a case study on market timing and pricing strategies. 📊👀 Keep an eye on how Ardent’s market debut could influence forthcoming IPOs in the healthcare sector. What are your thoughts on investing in healthcare IPOs right now? Will Ardent’s conservative pricing strategy pay off in the long term? Share your insights below or tag someone who’d find this interesting! 🗨️🔄 #ArdentHealth #IPO #NYSE #HealthcareInvestment #StockMarket #FinanceProfessionals #BusinessStrategy #MarketTrends