| Ticker: ALI | 450 N. Sunnyslope Road, Suite 300 | |
| Exchange: American Stock Exchange | Brookfield, Wisconsin 53005 | |
| Industry: Service | (414) 789-9565 |
| Type of Shares: | Common Shares | Filing Date: | 5/28/96 | |
| U.S. Shares: | 6,000,000 | Offer Date: | 8/6/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $16.00 - $18.00 | |
| Primary Shares: | 3,443,206 | Offer Price: | $13.00 | |
| Secondary Shares: | 2,556,794 | Gross Spread: | $0.91 | |
| Offering Amount: | $102,000,000 | Selling: | $0.54 | |
| Expenses: | $1,600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 12,710,849 |
| Manager | Tier | Phone |
| Natwest Securities Ltd | Lead Manager | (212) 602-4800 |
| Chicago Corporation, The | Co-manager | (312) 855-7600 |
| McDonald & Company Securities, Inc. | Co-manager | (216) 443-2300 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $10.46 | $4.33 | $2.08 | Assets: | $53.82 |
| Net Income: | -$1.75 | -$1.80 | -$0.54 | Liabilities: | $34.47 |
| EPS: | -$0.30 | -$0.22 | -$0.18 | Equity: | $19.35 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Alternative Living Services, Inc. is a leading national assisted living company operating 57 residences with an aggregate capacity of approximately 2,500 residents. Of these total residences, the company owns 18, leases 23, holds equity interests in and operates seven and manages an additional nine. The company provides a full range of assisted living services in its residences for the frail elderly and free-standing specialty care residences for individuals with Alzheimer's disease and other dementias. ALS and its predecessor have operated assisted living residences since 1981 including specialty dementia care residences since 1985. The company believes it is one of the leading operators of free-standing dementia care residences, a growing niche within the larger assisted living industry. The company provides a broad continuum of personal care, support services and healthcare to its residences. In addition, the company offers a wide range of specialized services including behavior management and environmental adaptation programs, to residents who suffer from Alzheimer's disease and other dementias. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for repayment of indebtedness, construction and possible acquisition of assisted living residences and for general corporate purposes including working capital. |
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