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Andlauer raises C$172.5M from stock offering

Andlauer Healthcare Group Inc. said it raised C$172.5 million after underwriters fully exercised their overallotment option in the company's offering.

The Vaughan, Ontario-based company, which provides transportation services in the healthcare industry, sold 10 million subordinate voting shares at C$15 apiece alongside an additional 1.5 million shares sold as part of underwriters' overallotment option.

RBC Capital Markets and CIBC Capital Markets were lead underwriters and joint book-runners for the offering. Other underwriters included BMO Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc., GMP Securities LP, INFOR Financial Inc. and Wellington-Altus Private Wealth Inc.