Healthcare Acquisition Corp.
Ticker: HCAC c/o MedVest Inc., 2365 N.W. 41st Street
Exchange: Over-the-Counter Market Boca Raton, Florida 33431
Industry: Financial (407) 994-3531

Type of Shares:Common Shares Filing Date:5/30/95
U.S. Shares:1,300,000 Offer Date:3/8/96
Non-U.S. Shares:0 Filing Price:$6.00
Primary Shares:1,300,000 Offer Price:$6.00
Secondary Shares:0 Gross Spread:$0.42
Offering Amount: $7,800,000 Selling:$0.21
Expenses:$270,000 Reallowance:$0.10
Shares Out After: -

ManagerTierPhone
GKN SecuritiesLead Manager (212) 509-3800

Auditor: Eisner, Richard A.
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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 newly organized Specified Purpose Acquisition Company ("SPAC"), the objective of which is to acquire an operating business in the healthcare industry. The company will seek to identify and acquire a Target Business which provides quality healthcare-related products and/or services that have proven or potential cost savings or other advantages in their relevant markets.

Use of Proceeds
The proceeds from the offering will be used for general corporate purposes.

Last updated: 11/27/96

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