| Ticker: RISC | 1390 Main Street | |
| Exchange: NASDAQ-National Market | Sarasota, Florida 34236 | |
| Industry: Financial | (941) 951-2022 |
| Type of Shares: | Class A Common Shares | Filing Date: | 11/22/95 | |
| U.S. Shares: | 10,000,000 | Offer Date: | 2/28/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $17.00 - $19.00 | |
| Primary Shares: | 7,200,000 | Offer Price: | $19.00 | |
| Secondary Shares: | 2,800,000 | Gross Spread: | $1.24 | |
| Offering Amount: | $180,000,000 | Selling: | $0.74 | |
| Expenses: | $1,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 35,269,443 |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| Montgomery Securities | Co-manager | 4156272220 |
| Piper Jaffray Incorporated | Co-manager | (612) 342-6000 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $166.01 | Assets: | $443.24 | ||
| Net Income: | $13.68 | Liabilities: | $427.09 | ||
| EPS: | $0.45 | Equity: | $16.16 | ||
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 leading managed care workers' compensation company which offers employers a full continuum of managed care products and services designed to lower the overall costs of workers' compensation claims. The company's managed care approach is focused on providing prompt medical intervention, integrating claims management and customer service, and directing care of injured employees through a managed care provider network. In addition, the company encourages employers to make a strong commitment to the adoption of workplace safety and return-to-work programs designed to reduce the likelihood and cost of employment related injuries and illness. The company's managed care approach begins with the implementation of its First Call service, an early intervention system which provide employers with a toll-free, 24-hour hotline to report claims and to seek medical attention for injured employees. This service encourages immediate reporting of claims and allows the company to direct injured workers to appropriate medical providers within the company's contracted network. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt, fund pending and possible acquisitions and for general corporate purposes. |
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