| Ticker: MAII | 2445 Gateway Drive, Suite 150 | |
| Exchange: NASDAQ-National Market | Irvine, Texas 75063 | |
| Industry: Service | (214) 580-8999 |
| Type of Shares: | Common Shares | Filing Date: | 8/9/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 10/11/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.77 | |
| Offering Amount: | $24,000,000 | Selling: | $0.46 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,623,596 |
| Manager | Tier | Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-2000 |
| Equitable Securities Corporation | Co-manager | (615) 780-9300 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $11.18 | $8.40 | $4.85 | Assets: | $8.93 |
| Net Income: | $0.52 | $0.45 | $0.16 | Liabilities: | $8.66 |
| EPS: | $0.09 | $0.07 | $0.03 | Equity: | $0.28 |
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 complete range of services used to create temporary surgical sites in physician offices in 40 states and Canada and believes it is the leading provider of such services in the United States. The company's services facilitate the migration of established surgical procedures and advanced medical technologies from hospitals and outpatient surgery centers to a lower-cost setting, the physician's office. Payors, physicians and patients benefit from the company's services through reduced costs for surgical procedures, increased physician productivity, greater access to advanced medical technologies and improved patient satisfaction. The company currently maintains a network of approximately 2,500 physicians who have utilized the company's services and has over 100 managed care contracts that in aggregate cover approximately 16 million lives. Currently, physicians in the company's network perform approximately 6,000 procedures monthly using the company's services. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness, make capital expenditures, including the acquisition of medical equipment, and hire additional personnel, and for working capital and general corporate purposes, including possible acquisitions. |
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