| Proposed Ticker: - | 2650 N. Military Trail, Suite 350 | |
| Exchange: NASDAQ-National Market | Boca Raton, Florida 33431 | |
| Industry: Service | (407) 997-0323 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 6/14/96 | |
| U.S. Shares Filed: | 2,777,778 | Filing Price: | $18.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $50,000,004 | |
| Primary Shares: | 2,777,778 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 12,500,000 | |
| Manager | Tier | Phone |
| Non-Underwritten | Lead Manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 1/31/96 | 1/31/96 | ||||
| Revenue: | $41.41 | Assets: | $260.74 | ||
| Net Income: | $3.62 | Liabilities: | $225.24 | ||
| EPS: | $0.36 | Equity: | $35.50 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Grand Court Lifestyles, Inc. is one of the largest operators of adult living communities in the United States, operating communities offering both independent- and assisted-living services. The Company currently operates 30 adult living communities containing 4,350 apartment units in 11 states in the Sun Belt and the MIdwest. The Company, a fully integrated provider of adult living accommodations and services, acquires, finances, develops and manges adult living communities. The Company's operating objective is to provide high-quality, personalized living services to senior residents, primarily persons over the age of 75. The long-term care industry encompasses a broad range of services and accommodations that are provided primarily to seniors. Services offered in adult-living communities to nursing homes. Services offered in adult living communities include independent-living services and assisted-living services. Current demographic trends suggest that demand for both independent-living and assisted-living services will continue to grow. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund a portion of the costs of developing adult living communities and for working capital and general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.