| Ticker: HSCL | 1000 Abernathy Road, Building 400, Suite 1825 | |
| Exchange: NASDAQ-National Market | Atlanta, Georgia 30328 | |
| Industry: Service | (770) 379-9000 |
| Type of Shares: | Common Shares | Filing Date: | 1/29/96 | |
| U.S. Shares: | 3,600,000 | Offer Date: | 4/3/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.50 - $15.50 | |
| Primary Shares: | 3,600,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.12 | |
| Offering Amount: | $52,200,000 | Selling: | $0.67 | |
| Expenses: | $1,875,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,678,900 | |||
| Spin out parent firm: | Welsh, Carson, Anderson & Stowe VI, L.P. | |||
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Dean Witter Reynolds | Co-manager | (212) 392-2222 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| 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: | $84.22 | $104.58 | $36.93 | Assets: | $104.81 |
| Net Income: | $0.70 | $0.82 | $0.56 | Liabilities: | $77.22 |
| EPS: | -$0.10 | -$0.04 | -$0.02 | Equity: | $27.59 |
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 provider of home health care services in the Southeast, and among the ten largest providers of such services in the United States. The company has grown from 58 branch office, primarily in Tennessee, as of July 1, 1994, to 151 owned and 40 managed branch offices in fifteen states and the District of Columbia as of February 29, 1996. Housecall provides a comprehensive range of home health care services and products, including nursing and related care, infusion therapy, hospice care, respiratory therapy, and home medical equipment. The company also provides management services - consisting clinical and marketing support, computerized billing and records retention services, staffing, and other general administrative support - to 39 clients who own home health agencies. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to redeem outstanding shares of Series A preferred stock and prepay a portion of its debt. |
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