| Proposed Ticker: | TMMC | 3540 Howard Way | |
| Exchange: | NASDAQ-National Market | Costa Mesa, California 92626 | |
| Industry: | Service | (714) 436-4800 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 12/12/96 | |
| U.S. Shares Filed: | 2,767,500 | Filing Price: | $21.50 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $59,501,250 | |
| Primary Shares: | 2,767,500 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Manager | Tier | Phone |
| Not Available | Lead Manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $495.70 | $351.24 | $379.37 | Assets: | $51.73 |
| Net Income: | -$28.61 | -$3.77 | $23.18 | Liabilities: | $55.40 |
| EPS: | -$9.54 | -$1.26 | -$7.73 | Equity: | -$3.67 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company organizes and manages physician and dentist practice groups that contrast with health maintenance organizations and other payors to provide health care services to their members. As of September 30, 1996, the company had management services agreements with ten affiliated practice groups and directly operated one practice group employing approximately 360 physicians and 80 dentists and providing care through 52 medical, dental and/or vision centers located in southern California, Utah, Arizona, New Mexico and Nevada. Together with the Talbert Medical Groups, the company managed over 303,000 capitated enrollees as of September 30, 1996, and generated, for the year ended December 31, 1995, revenues of more than $495 million. Physician practice management companies, such as the company, have evolved recently to provide these services, freeing physicians to focus on the practice of medicine. The company provides a broad range of practice management services to the Talbert Medical Groups. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used entirely to repay indebtedness to FHP incurred in the acquisition. |
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