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News
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UHS set for debut
graphic October 13, 2001: 7:00 a.m. ET

Hospital equipment renter Universal Hospital Services plans to raise $90 million.
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  • Lone IPO on tap - Oct. 6, 2001
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    NEW YORK (CNNmoney) - TheraSense gave one of this year's best initial public offering debuts last week, and Universal Hospital Services Inc. (UHS) hopes to keep the ball rolling this week.

    Ben Holmes, IPO analyst with ipoPros.com, said that investors are going to be much more receptive to IPOs in the light of TheraSense's performance on Friday.

    But he added that UHS's debut will probably not do as well as TheraSense.

    Universal Hospital Services, which provides hospital beds and equipment for rent, is looking to raise $90 million through lead underwriter UBS Warburg.

    Bloomington, Minn.-based UHS plans to price 5 million shares between $17 and $19. The company will trade under the ticker symbol "UHOS."

    On Friday, the initial public offering of TheraSense (THER: Research, Estimates), which makes glucose self-monitoring systems for people with diabetes, opened 28 percent above its offering price of $19 and increased its gains throughout the day to close at $24.92, 31 percent higher, on the Nasdaq. graphic

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    Lone IPO on tap - Oct. 6, 2001




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