QuadraMed Corporation
(www.quadramed.com)
Ticker: QMDC 80 East Sir Francis Drake Blvd., Ste 2A
Exchange: NASDAQ-National Market Larkspur, California 94939
Industry: High-Tech (415) 461-7725

Type of Shares:Common Shares Filing Date:7/11/96
U.S. Shares:2,500,000 Offer Date:10/10/96
Non-U.S. Shares:0 Filing Range:$9.00 - $11.00
Primary Shares:2,500,000 Offer Price:$12.00
Secondary Shares:0 Gross Spread:$0.84
Offering Amount: $25,000,000 Selling:$0.52
Expenses:$900,000 Reallowance:$0.10
Shares Out After:5,674,191

ManagerTierPhone
Jefferies & Company IncorporatedLead Manager (800) 933-6656
Pacific Crest Securities Inc.Co-manager (503) 248-0721

Auditor: Arthur Andersen
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
12/31/95 6/30/96 6/30/95 6/30/96
Revenue:$5.64$8.77$3.11Assets:$10.39
Net Income:-$9.77$0.10-$1.48Liabilities:$11.57
EPS:-$2.36$0.02-$0.36Equity:-$1.19

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company develops, markets and sells a suite of electronic data interchange, financial management and decision support software products and services for healthcare providers. QuadraMed has developed and all-payor, open systems-based electronic data interchange system designed to collect detailed clinical and financial information efficiently from its provider customers and to speed the reimbursement of their third-party claims. The company's financial management products are designed to increase the accuracy and timeliness of reimbursement, as well as to improve work flow through the use of electronic files and document imaging for management of clinical and financial information and patient records.

Use of Proceeds
The proceeds from the offering will be used to repay certain indebtedness, working capital and other general corporate purposes.

Last updated: 12/8/96

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