Tactile Systems announces common stock offering, no amount given

Tactile Systems Technology announced that it intends to offer and sell shares of its common stock in an underwritten public offering. The net proceeds of the offering are expected to be used to (i) expand commercial activities, (ii) fund milestone payments, (iii) support new product development, (iv) broaden reimbursement coverage for Tactile Medical’s patient population, (v) fund potential acquisitions and (vi) provide working capital and for other general corporate purposes, which may include general debt reduction. William Blair & Company is acting as sole book-running manager for the offering.