| Ticker: ILCC | 10065 Red Run Boulevard | |
| Exchange: NASDAQ-National Market | Owings Mills, Maryland 21117 | |
| Industry: Service | (410) 998-8425 |
| Type of Shares: | Common Shares | Filing Date: | 6/13/96 | |
| U.S. Shares: | 4,200,000 | Offer Date: | 10/3/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 2,800,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 1,400,000 | Gross Spread: | $0.56 | |
| Offering Amount: | $58,800,000 | Selling: | $0.32 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 8,061,000 |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 727-1700 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $16.27 | $5.62 | $3.92 | Assets: | $27.55 |
| Net Income: | -$3.32 | $0.49 | $0.12 | Liabilities: | $11.28 |
| EPS: | -$0.67 | $0.10 | $0.02 | Equity: | $16.27 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides assisted living services and related services to the private pay elderly market. Assisted living facilities combine housing, personalized support and healthcare services in a cost-effective, non-institutional setting designed to address the individual needs of the elderly who need regular assistance with activities of daily living, such as eating, bathing, dressing and personal hygiene, but who do not require the level of healthcare provided in a skilled nursing facility. The Company currently operates 17 assisted living and other senior housing facilities containing 1,808 units in six states. The 1,808 units operated by the Company consist of 1,183 assisted living units, 544 independent living units for persons who require occasional assistance with the activities of daily living, and 81 skilled nursing units. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for acquisition and development of assisted living facility, working capital and for general corporate purposes. |
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