Emergency Medical Services Corp. (EMS) said on Thursday that certain of its equity holders, primarily affiliates of Onex Corp., have priced a public secondary offering of 8 million shares, increased from 6 million, of class A common stock at $48.31 per share. The underwriters will have a 30-day option to purchase up to an additional 1.2 million shares of class A common stock. The offering is expected to close on November 25.
Emergency Medical would not receive any proceeds from the offering. The shares are being offered primarily by affiliates of Onex Corp. The Onex Entities' shares represent about 35% of equity interests in Emergency Medical.
After giving effect to this offering, the Onex Entities would own about 35% of the equity interests in Emergency Medical and about 84% of the combined voting power, not including the impact of any exercise by the underwriters of the 30-day option to purchase additional shares of class A common stock. BofA Merrill Lynch, Goldman, Sachs & Co. and J.P. Morgan Securities Inc. are acting as joint bookrunners for the offering.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.