| Ticker: SOSC | 75 October Hill Road | |
| Exchange: NASDAQ-National Market | Holliston, Massachusetts 01746 | |
| Industry: Wholesale | (508) 429-1000 |
| Type of Shares: | Common Shares | Filing Date: | 6/21/96 | |
| U.S. Shares: | 3,900,000 | Offer Date: | 10/9/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.50 - $14.50 | |
| Primary Shares: | 3,900,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $52,650,000 | Selling: | $0.48 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,123,250 |
| Manager | Tier | Phone |
| Dean Witter Reynolds | Lead Manager | (212) 392-2222 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-2000 |
| Wheat First Butcher & Singer Capital Markets | Co-manager | (804) 782-3278 |
| William Blair & Company | Co-manager | (312) 236-1600 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/2/95 | 6/1/96 | 6/3/95 | 6/1/96 | ||
| Revenue: | $52.67 | $49.30 | $39.32 | Assets: | $26.81 |
| Net Income: | $2.96 | $3.05 | $2.34 | Liabilities: | $37.93 |
| EPS: | $0.32 | $0.28 | Equity: | -$11.12 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Suburban is a leading national direct market wholesaler of medical supplies and related products to the home health care industry. The Company has positioned itself as a high volume, cost effective direct marketer of home health care products. The Company's direct marketing materials, particularly its industry-recognized catalog, offer a broad selection of products in an easy to use format, enabling the Company to offer its customers a single source for the Company's product lines. During fiscal 1995, the Company distributed over 500,000 pieces of direct mail, consisting of catalogs, flyers, trade press advertisements and package inserts. This marketing program is supplemented by telemarketing and frequent "fax specials" which provide customers competitive pricing and promotional information. The Company meets the changing needs of manufacturers and customers in the home health care market. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay an aggregate of $36,174,459 of Senior and Subordinated indebtedness, to redeem $7,408,747 in value of Suburban's outstanding Series A Redeemable Preferred Stock, and for general corporate purposes or working capital. |
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