| Ticker: NCSS | 3201 Enterprise Parkway, Suite 220 | |
| Exchange: NASDAQ-National Market | Beachwood, Ohio 44122 | |
| Industry: Service | (216) 464-5154 |
| Type of Shares: | Class A Common Shares | Filing Date: | 12/18/95 | |
| U.S. Shares: | 4,240,000 | Offer Date: | 2/13/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 3,840,000 | Offer Price: | $16.50 | |
| Secondary Shares: | 400,000 | Gross Spread: | $1.16 | |
| Offering Amount: | $59,360,000 | Selling: | $0.70 | |
| Expenses: | $1,180,000 | Reallowance: | $0.10 | |
| Shares Out After: | 11,486,340 |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| McDonald & Company Securities, Inc. | Co-manager | (216) 443-2300 |
| William Blair & Company | Co-manager | (312) 236-1600 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $65.60 | $50.03 | $29.03 | Assets: | $66.89 |
| Net Income: | $1.87 | -$0.32 | $0.77 | Liabilities: | $55.06 |
| EPS: | $0.28 | -$0.05 | $0.12 | Equity: | $11.83 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is an independent provider of pharmacy services to long term care institutions including skilled nursing, assisted living facilities and other institutional health care settings. The company purchases and dispenses prescription and non-prescription pharmaceuticals and provides client facilities with related management services, automated medical records keeping, drug therapy evaluation and regulatory assistance. The company also provides a broad array of ancillary health care services to complement its core pharmacy services, including infusion therapy, physical, speech and occupational therapies and nutritution management. NSC currently provides pharmacy services to approximately 48,500 residents at over 600 facilities located in Ohio, Pennsylvania, Indiana and Michigan. NCS believes that it is the nation's second largest institutional pharmacy not owned or controlled by a company which operates long-term care facilities. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt, working capital and other general corporate purposes, including possible acquisitions. |
©1996 IPO Data Systems, Inc. - All rights reserved.