| Proposed Ticker: LCCC | 3333 W. Commercial Bolevard, Suite 203 | |
| Exchange: NASDAQ-National Market | Fort Lauderdale, Florida 33309 | |
| Industry: Service | (954) 486-0424 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 10/24/96 | |
| U.S. Shares Filed: | 2,000,000 | Filing Price: | $5.50 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $11,000,000 | |
| Primary Shares: | 2,000,000 | Expenses: | $1,010,000 | |
| Secondary Shares: | 0 | Shs Out After: | 4,000,000 | |
| Manager | Tier | Phone |
| H.J. Meyers & Company, Incorporated | Lead Manager | (310) 278-7880 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/96 | |||
| Revenue: | $11.48 | $5.89 | Assets: | $20.85 | |
| Net Income: | $1.03 | $0.52 | Liabilities: | $8.66 | |
| EPS: | $0.29 | $0.13 | Equity: | $12.19 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a provider of home health care products and services in the Northern Midwest region of the United States. The company provides a wide range of home health care products and services, including respiratory therapy services and home medical equipment sales and rentals. The company operates from a total of 21 locations in Michigan and Wisconsin. The company believes that the Midwest region offers significant growth opportunities due to the fragmentation of the home health market in the region. The company's objective is to become a leading comprehensive provider of home health care products and services in the Midwest through acquisitions, internal growth and the development of provider networks and strategic alliances with other home health care providers. The company was founded in June 1995. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay a part of the cash portion of the purchase price for the acquired companies and to repay indebtedness. |
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