| Ticker: CDOC | 1200 East Copeland, Suite 100 | |
| Exchange: NASDAQ-Small Cap Market | Arlington, Texas 76011 | |
| Industry: Service | (817) 277-0000 |
| Type of Shares: | Common Shares | Filing Date: | 11/16/95 | |
| U.S. Shares: | 1,600,000 | Offer Date: | 2/6/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $6.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $5.25 | |
| Secondary Shares: | 0 | Gross Spread: | $0.47 | |
| Offering Amount: | $8,800,000 | Selling: | $0.24 | |
| Expenses: | $765,000 | Reallowance: | $0.05 | |
| Shares Out After: | 4,315,155 |
| Manager | Tier | Phone |
| Royce Investment Group, Inc. | Lead Manager | (516) 364-8300 |
| Americorp Securities Inc. | Co-manager | (800) 758-6556 |
| Auditor: Ehrhardt Keefe Steiner & Hottman | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $3.01 | $0.95 | $0.74 | Assets: | $1.16 |
| Net Income: | -$0.19 | $0.03 | $0.00 | Liabilities: | $1.42 |
| EPS: | -$0.09 | $0.01 | $0.00 | Equity: | -$0.26 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manages the non-medical related portions of medical practices which operate facilities that provide occupational and industrial medical and related services exclusively to employees and prospective employees of corporate customers. The company's corporate customers are located in Texas, Louisiana and Arkansas. These facilities pre-screen prospective employees and diagnose and treat work-related injuries and medical conditions arising from employment, while assisting employers in reducing work-related health and insurance expenses and costs associated with lost productivity due to employee absenteeism. |
| Use of Proceeds |
| The company anticipates the use of the net proceeds of this offering will be utilized over a period of 18 months following this offering substantially as follows: 1) $2.5 million - Purchase and capitalization of insurance subsidiary, 2) $1.5 million - Acquisition of medical practices assets and management, 3) $750,000 - Opening new facilities, 4) $400,000 - Marketing and promotion, 5) $400,000 - General and administrative expenses, 6) $335,000 - Payment of accounts payable, accrued expenses and related party consulting fee and 7) $994,000 - Working capital. |
©1996 IPO Data Systems, Inc. - All rights reserved.