First Choice Emergency Room has tapped Goldman Sachs Group Inc and Deutsche Bank AG to prepare an initial public offering that could come in the second quarter of this year, people familiar with the matter said on Friday. First Choice, the largest freestanding emergency room network in Texas and backed by private equity firm Sterling Partners, is the latest in a string of private equity-owned healthcare services companies looking to go public this year.Representatives for First Choice, Sterling Partners and Goldman Sachs did not immediately respond to requests for comment. Deutsche Bank declined to comment.First Choice, founded in 2002 and headquartered in Lewisville, Texas, had around $100 million of revenues in 2012. It offers emergency medical services for adult and pediatric patients, and has locations in Houston, Dallas/Fort Worth, Austin and Colorado Springs.The company, which competes against traditional hospital emergency rooms, says its facilities are equipped to serve both major and minor emergency needs, and its business model helps cut down on patient wait times.
Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Shares of DB fell by 1.48% or $-0.65/share to $43.31. In the past year, the shares have traded as low as $38.18 and as high as $54.49. On average, 1414350 shares of DB exchange hands on a given day and today's volume is recorded at 2054710.
The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS fell by 2.09% or $-3.26/share to $152.72. In the past year, the shares have traded as low as $137.29 and as high as $181.13. On average, 3632810 shares of GS exchange hands on a given day and today's volume is recorded at 6461662.
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