| Ticker: CHRI | 201 N. Figueroa Street, Suite 400 | |
| Exchange: NASDAQ-National Market | Los Angeles, California 90012 | |
| Industry: Service | (213) 250-5600 |
| Type of Shares: | Common Shares | Filing Date: | 12/19/95 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 2/16/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 1,000,000 | Gross Spread: | $0.63 | |
| Offering Amount: | $27,000,000 | Selling: | $0.33 | |
| Expenses: | $618,300 | Reallowance: | $0.10 | |
| Shares Out After: | 4,112,000 | |||
| Spin out parent firm: | Healthcare Association of Southern California | |||
| Manager | Tier | Phone |
| Needham & Company | Lead Manager | (212) 371-8300 |
| Wedbush Morgan Securities | Co-manager | (213) 688-8050 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $43.66 | $47.50 | $29.72 | Assets: | $22.53 |
| Net Income: | $1.37 | $1.45 | $0.89 | Liabilities: | $14.06 |
| EPS: | $0.65 | $0.69 | $0.42 | Equity: | $8.47 |
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 national outsourcing organization providing equipment services, group purchasing and other services and products to hospitals, integrated health systems and alternate site providers. The company is committed to offering a range of high quality services at prices generally below those of its major competitors. COHR has developed strong relationships with its customers, gaining valuable insights into their operating challenges. Cost containment pressures in the healthcare industry have led providers to seek innovative methods of reducing the cost of delivering effective health care. Increasing, providers have turned to outsourcing various services and to group purchasing as a means of reducing costs. Outsourcing services allows providers to reduce overhead costs and ease administrative burdens, and coordinated group purchasing allows providers to purchase supplies at significant savings. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes, including working capital, possible acquisitions and capital expenditures. |
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