| Medirisk, Inc. | |||
| Ticker: | MDMD | Two Piedmont Center, Suite 400 3565 Piedmont Road, N.E. | |
| Exchange: | NASDAQ-National Market | Atlanta, GA 30305 | |
| Industry: | Service (SIC Code 7389) | (404) 364-6700 | |
| Type of Shares: | Common Shares | Filing Date: | 9/19/96 | |
| U.S. Shares: | 2,300,000 | Offer Date: | 1/28/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 2,300,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.77 | |
| Offering Amount: | $27,600,000 | Selling: | $0.42 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,218,251 |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (212) 723-7300 |
| Dean Witter Reynolds | Co-manager | (212) 392-3223 |
| Equitable Securities Corporation | Co-manager | (615) 780-9380 |
| Jefferies & Company Incorporated | Co-manager | (212) 903-2342 |
| Issuer's Law Firm: | Alston & Bird |
| Bank's Law Firm: | Dewey Ballantine |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $3.65 | $3.87 | $1.16 | Assets: | $7.79 |
| Net Income: | -$0.83 | -$6.78 | -$0.79 | Curr Assets: | |
| EPS: | -$0.29 | -$2.38 | Liabilities: | $12.22 | |
| Prior EPS: | -$0.15 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | -$4.43 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of proprietary databases and related decision support software and analytical services to the healthcare industry. The company's products and services enable payers and providers to make objective comparisons of the financial costs and clinical outcomes of physician-mediated services to customer-specific and industry benchmarks and to access information concerning specific physicians. Such capabilities assist payers and providers in pricing managed care contracts, evaluating physician fee schedules and utilization of physician-mediated services, comparing provider outcomes and performance, and recruiting physicians. Medirisk actively sells its products to over 750 major customers, including leading health plans, insurers, hospitals and larger physician groups, as well as to more than 700 smaller customers, including single-specialty physician groups. |
| Competition |
| The company faces intense competition in providing healthcare information products and services. Competitors vary in size, scope and breadth of product and service offerings. The company competes with different competitors in each of its target markets, and certain of such competitors have substantially greater resources than those of the cmpany. In addition, several large horizontally integrated information services companies, including Dow Jones, Dun & Bradstreet Corporation, First Data Corporation, National Data Corporation and Thomson Publishing, have developed and are marketing information products and services to the health care industry. |
| Business Plan |
| The company's objective is to enhance its position as a leader provider of proprietary databases and related decision-support software and analytical services to payers, providers and other health care industry participants in the United States. To attain this objective, Medirisk seeks to: 1) leverage its existing customer base; 2) emphasize recurring revenues; 3) develop new products; 4) acquire complementary products and businesses. |
| Use of Proceeds |
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