| Ticker: KPSQ | 242 Crossways PArk West | |
| Exchange: NASDAQ-National Market | Woodbury, New York 11797 | |
| Industry: Service | (516) 921-8900 |
| Type of Shares: | Common Shares | Filing Date: | 6/13/96 | |
| U.S. Shares: | 3,550,000 | Offer Date: | 9/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 3,550,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $46,150,000 | Selling: | $0.42 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 7,700,000 |
| Manager | Tier | Phone |
| Salomon Brothers Inc. | Lead Manager | (212) 783-2947 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Wheat First Butcher & Singer Capital Markets | Co-manager | (804) 782-3278 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $14.76 | $4.11 | $3.61 | Assets: | $57.51 |
| Net Income: | -$0.21 | -$0.24 | $0.07 | Liabilities: | $68.91 |
| EPS: | Equity: | -$11.41 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Kapson Senior Quarters Corp. is one of the largest providers of assisted living services in the United States and has owned, managed and/or operated assisted living facilities since 1972. Assisted living facilities provide a residential alternative for elderly senior citizens who need or desire assistance with their activities of daily living and certain home health care services in a non-institutional environment. A majority of the Company's assisted living facilities are operated under the "Senior Quartes" tradename, through which the Company believes it is widely recognized in the northeastern United States as a leading provider of assisted living services. The Company's operating philosophy is to provide services and care which meet the individual needs of its residents, and to enhance their physical and mental well-being, thereby allowing them to live longer and to "age in place". |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to develop or acquire living facilities, to repay indebtedness, for working capital and for other general corporate purposes. |
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