| Ticker: HSDC | 1330 Broadway | |
| Exchange: NASDAQ-National Market | Oakland, California 94612 | |
| Industry: High-Tech | (510) 763-2629 |
| Type of Shares: | Common Shares | Filing Date: | 1/5/96 | |
| U.S. Shares: | 1,700,000 | Offer Date: | 3/5/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 100,000 | Gross Spread: | $0.91 | |
| Offering Amount: | $17,000,000 | Selling: | $0.54 | |
| Expenses: | $850,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,059,240 |
| Manager | Tier | Phone |
| Volpe, Welty & Company | Lead Manager | (415) 956-8120 |
| Jefferies & Company Incorporated | Co-manager | (800) 933-6656 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $6.78 | $2.26 | $1.36 | Assets: | $4.97 |
| Net Income: | -$0.75 | -$0.29 | -$0.04 | Liabilities: | $5.17 |
| EPS: | -$0.16 | -$0.06 | -$0.01 | Equity: | -$0.20 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides managed care information systems software to payors and providers of managed care services. The Company's Diamond product line consists of Diamond Client/Server and Diamond BBx. The Diamond products manage information about members, employer groups, providers, health plan and provider contracts, referrals and authorizations and health care services for accurate provider reimbursement, risk pool accounting and health care cost management. managed care information systems that assist payors and providers in performing these functions are integral to the operation of managed care organizations. As pressure to control health care costs has increased, demand has intensified for managed care information systems for use by payors and providers assuming financial risk. Payors are responding to escalating costs by shifting a portion of the financial risk associated with the delivery of health care to providers, generally under capitated payment arrangements. Accordingly, the market for the Company's products has grown to include health maintenance organization, preferred provider organizations, physician practice groups, independent practice associations, hospitals, integrated health care delivery systems, health insurance companies, third party administrators and managed Medicaid and Medicare risk plans. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt, for working capital for software development, capital expenditures and for general corporate purposes. |
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