HealthSpring, Inc. Announces Public Offering of Common Stock

NASHVILLE, Tenn.--(BUSINESS WIRE)--HealthSpring, Inc. (NYSE:HS) announced today that it has agreed to sell 7,500,000 shares of its common stock in an underwritten public offering. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock. The last reported sale price of its common stock on March 24, 2011, was $37.97 per share. The offering is expected to close on or about March 29, 2011, subject to customary closing conditions.