| Ticker: ADVH | 560 White Plains Road | |
| Exchange: NASDAQ-National Market | Tarrytown, New York 10591 | |
| Industry: Service | (914) 332-6688 |
| Type of Shares: | Common Shares | Filing Date: | 6/19/96 | |
| U.S. Shares: | 2,300,000 | Offer Date: | 10/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,300,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.91 | |
| Offering Amount: | $29,900,000 | Selling: | $0.51 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,491,270 |
| Manager | Tier | Phone |
| Cowen & Company | Lead Manager | (212) 495-6000 |
| Volpe, Welty & Company | Co-manager | (415) 956-8120 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $1.05 | $3.69 | $0.00 | Assets: | $6.51 |
| Net Income: | -$5.71 | -$1.20 | -$1.04 | Liabilities: | $5.04 |
| EPS: | -$1.68 | -$0.27 | -$0.45 | Equity: | $1.47 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides a full range of integrated management services and clinical information systems to physician group practices and physicians networks under long-term contracts. The management services provided by the Company include physician practice and network development, marketing pay or contracting, financial and administrative management, clinical information management and human resource management. The Company developed its clinical information systems to provide physicians at the point of care and on a real-time basis with patient-specific clinical and pay or information and the ability to generate patient medical orders and to facilitate the implementation of disease management programs. The Company focuses its management efforts on high-cost, high volume disease specialties, such as cardiology, oncology and orthopedics. Health care expenditures in the U.S. totalled approximately $1 trillion in 1994, with approximately 85% of such expenditures controlled by physician decisions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt and for working capital and general corporate purposes, including acquisitions. |
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