HealthSpring, Inc. Announces Pricing Of Initial Public Offering Of Common Stock

NASHVILLE, Tenn.--(BUSINESS WIRE)--Feb. 3, 2006--HealthSpring, Inc. today announced the pricing of its initial public offering of 18.8 million shares of the Company's Common Stock at $19.50 per share. Of the shares being offered, 10.6 million shares are being sold by the Company and 8.2 million shares are being sold by GTCR Fund VIII, L.P. and affiliated investment funds as selling stockholders. Net proceeds to the Company from the offering of approximately $193.3 million will be used to repay all of the Company's outstanding debt and accrued and unpaid interest. The selling stockholders have granted to the underwriters a 30-day option to sell an additional 2.82 million shares at the initial public offering price to cover over-allotments, if any. The Company will not receive any proceeds from the sale of shares by the selling stockholders.

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