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Allied Healthcare going public
Allied Healthcare Products Inc., a division of Harbour Group Investments L.P., plans to go public by raising as much as $10 million from a stock offering.
Allied is a St. Louis-based manufacturer of medical gas and respiratory therapy equipment. Harbour Group Investments L.P. is a Missouri limited partnership whose general partners are Sam Fox and HG Management Co.
Allied plans to offer 700,000 shares and will use the proceeds to pay off debts, according to the company's preliminary prospectus and registration form filed May 8 with the Securities and Exchange Commission. Allied had long-term debt of $12.5 million as of March 31.
A total of 4.1 million shares …