APACHE Medical Systems, Inc.
Ticker: AMSI 1650 Tysons Boulevard
Exchange: NASDAQ-National Market McLean, Virginia 22102
Industry: High-Tech (703) 847-1400

Type of Shares:Common Shares Filing Date:4/26/96
U.S. Shares:2,000,000 Offer Date:6/28/96
Non-U.S. Shares:0 Filing Range:$12.00 - $14.00
Primary Shares:2,000,000 Offer Price:$12.00
Secondary Shares:0 Gross Spread:$0.84
Offering Amount: $26,000,000 Selling:$0.47
Expenses:$750,000 Reallowance:$0.10
Shares Out After:6,571,353

ManagerTierPhone
Cowen & CompanyLead Manager (212) 495-6000
Lehman Brothers IncorporatedCo-manager (212) 640-6129
Volpe, Welty & CompanyCo-manager (415) 956-8120

Auditor: KPMG Peat Marwick
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
12/31/95 3/31/96 3/31/95 3/31/96
Revenue:$7.02$1.66$1.26Assets:$7.09
Net Income:-$3.81-$0.95-$1.65Liabilities:$5.65
EPS:-$0.79-$0.19Equity:$1.43

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company provides clinically-based decision support information systems to the healthcare industry. The Company believes that it is the only healthcare information company that can provide hospitals and physicians with patient specific, concurrent and predictive outcomes information at the point of care that can be used to assist them in making clinical and resource utilization decisions. Apache's products and services address the information needs of both clinicians and healthcare administrators by enabling joint access to clinical and cost information, which facilitates both the containment of costs and the delivery of high-quality care. Apache's products and services are focused on high-risk, high-cost patients, such as cardiovascular care and critical care patients, who typically account for disproportionately large share of hospital costs.

Use of Proceeds
The proceeds from the offering will be used for working capital and general corporate purposes, including paying certain accumulated preferred stock dividends, expanding sales and marketing efforts, developing or acquiring additional methodologies and databases, or acquiring businesses, products or technologies.

Last updated: 10/28/96

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