| Ticker: TSIX | One Boston Place | |
| Exchange: NASDAQ-National Market | Boston, Massachusetts 02108 | |
| Industry: High-Tech | (617) 723-4222 |
| Type of Shares: | Common Shares | Filing Date: | 2/29/96 | |
| U.S. Shares: | 6,000,000 | Offer Date: | 4/18/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 6,000,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.26 | |
| Offering Amount: | $90,000,000 | Selling: | $0.72 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 15,187,776 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Wessels, Arnold & Henderson | Co-manager | (612) 373-6121 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 12/30/95 | 12/24/94 | 12/30/95 | ||
| Revenue: | $27.39 | $6.56 | $4.56 | Assets: | $28.17 |
| Net Income: | $5.63 | $1.18 | $0.29 | Liabilities: | $10.80 |
| EPS: | $0.30 | $0.06 | Equity: | $17.37 | |
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 integrated clinical and financial decision support systems for hospitals, integrated delivery systems and other health care institutions. The company was founded in 1985 to apply management control techniques to the health care delivery process, with the objective of improving quality and lowering cost. The company has been profitable in every fiscal year since 1987. TSI has an installed base of over 700 sites, including installations at such leading institutions as Mayo Medical Center, Cleveland Clinic Foundation, Stanford Health Services, Sharp Health Care and Kaiser Permanente. The company's products enable its customers to analyze clinical, operational and financial information gathered from throughout an enterprise and measure daily performance down to the individual patient level. This information can be used by senior executives, financial managers, department managers, chief medical officers, clinicians and other to manage the quality and cost of care. The company believes its products offer a unique combination of activity-based clinical management capabilities and patient-level cost and process of care information in an open architecture environment. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay debt, redeem preferred stock and for general corporate purposes. |
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