HealthSpring, Inc. Announces Public Offering of 7.5M Shares

HealthSpring, Inc. HS announced today that it has agreed to sell 7,500,000 shares of its common stock in an underwritten public offering. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock. The last reported sale price of its common stock on March 24, 2011, was $37.97 per share. The offering is expected to close on or about March 29, 2011, subject to customary closing conditions.