TriZetto Group to Make Public Offering
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TriZetto Group Inc., a Newport Beach provider of health care technology, said Monday that it plans to raise $53.7 million from a public offering to sell 4 million shares.
TriZetto said in a document filed with the Securities and Exchange Commission it also will sell 1 million shares on behalf of certain shareholders and 750,000 shares to cover over-allotments.
The filing didn’t specify the names of shareholders or how they obtained the stock. The company figures that about $13.6 million will go to the selling shareholders.
TriZetto intends to use the net proceeds for general corporate purposes and for working capital.
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