| Ticker: SUNS | 231 East Haven Avenue | |
| Exchange: NASDAQ-Small Cap Market | Melbourne, Florida 32901 | |
| Industry: Service | (407) 728-8711 |
| Type of Shares: | Common Shares | Filing Date: | 2/28/96 | |
| U.S. Shares: | 1,300,000 | Offer Date: | 5/15/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,300,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.47 | |
| Offering Amount: | $6,500,000 | Selling: | ||
| Expenses: | $620,000 | Reallowance: | ||
| Shares Out After: | 2,200,000 | |||
| Spin out parent firm: | National Home Health Care Corporation | |||
| Manager | Tier | Phone |
| Richter, Cohen & Company | Lead Manager | (212) 421-6300 |
| H.J. Meyers & Company, Incorporated | Co-manager | (310) 278-7880 |
| Auditor: Eisner, Richard A. | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 7/31/95 | 1/31/96 | 1/31/95 | 1/31/96 | ||
| Revenue: | $5.13 | $2.45 | $2.44 | Assets: | $1.28 |
| Net Income: | $0.06 | -$0.11 | $0.03 | Liabilities: | $0.20 |
| EPS: | $0.05 | -$0.09 | Equity: | $1.08 | |
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 healthcare services through seven primary care centers located in central Florida. Medical services are delivered by ten board certified or board eligible primary care physicians employed by the company. The company's healthcare operations consist primarily of medical treatment and care typically furnished in a family practitioner's office. The company also arranges for clinical laboratory services and engages physicians specializing in various medical practices to complement the company's primary care operations. The company currently offers healthcare services on a contractual and fee-for-service basis. The company has a prepaid cost reimbursement contract with the Health Care Financing Administration of the federal government, pursuant to which the company provides prescribed primary care to Medicare beneficiaries who enrolled directly with the company prior to January 1, 1996. |
| Use of Proceeds |
| Proceeds from the offering will be used for the establishment of an HMO; the development and/or acquisition of additional primary care centers; the relocation of existing centers; and the balance for working capital and general corporate purposes. |
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