Regency Health Stock Offering: Regency Health Services...

Regency Health Stock Offering: Regency Health Services completed its initial public stock offering Friday, selling 2.5 million common shares at $6.50 apiece.

The health-care provider, based in Newport Beach, raised $13 million in the offering on the American Stock Exchange after paying its underwriters. Private investors already holding the company’s shares sold them for an additional $850,000.

Prudential Securities Inc. and County Natwest Securities USA underwrote the stock offering.

Regency’s net income for the nine months ended March 31 was $2 million, up from $1.2 million in the same period a year earlier. Revenue rose 31% to $55.7 million from $42.5 million.