HealthPort, Inc. disclosed in a regulatory filing made on Wednesday that it is seeking withdraw initial public offering registration as a result of unfavorable market conditions.
It is to be noted that HealthPort, which revealed its intention to go public in a filing made in August, postponed its offering in November 2009 citing market conditions.
The Alpharetta, Georgia-based HealthPort is a provider of healthcare information services and technology solutions to nearly 1,900 hospitals and health systems and 8,000 independent and hospital-affiliated physician clinics.
HealthPort had applied to list its common stock on The NASDAQ Global Market under the symbol "HPRT".
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