| InfoCure Corporation | |||
| Ticker: | INC | 2970 Clairmont Road, Suite 950 | |
| Exchange: | American Stock Exchange | Atlanta, GA 30329 | |
| Industry: | High-Tech (SIC Code 7372) | (404) 633-0046 | |
| Type of Shares: | Common Shares | Filing Date: | 12/27/96 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 7/10/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $9.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.38 | |
| Offering Amount: | $11,200,000 | Selling: | $0.22 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 5,676,261 |
| Manager | Tier | Phone |
| Josephthal Lyon & Ross, Inc. | Lead Manager | (212) 907-4545 |
| Cruttenden Roth Incorporated | Co-manager | (800) 678-9147 |
| Issuer's Law Firm: | Glass, McCullough, Sherrill & Harrold, LLP |
| Bank's Law Firm: | Squadron, Ellenoff, Plesent, Sheinfeld & Sorkin |
| Auditor: | BDO Seidman |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 1/31/97 | 1/31/97 | ||||
| Revenue: | $19.11 | Assets: | $18.13 | ||
| Net Income: | $1.02 | Curr Assets: | |||
| EPS: | $0.19 | Liabilities: | $5.63 | ||
| Prior EPS: | $0.16 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | $12.50 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of practice management software products and related services that address the growing needs of healthcare providers to manage and communicate cost effectively administrative, clinical and financial data. The company's practice management systems are used primarily by small to mid-size medical practices, including multi-provider management services organizations and independent physician alliances. Recently, the company developed and introduced an all-payor-based electronic data interchange system to enable its customers to realize significant cost savings by replacing paper-based transactions with electronic transaction processing. The company has an installed customer base of approximately 17,500 health care providers in a broad range of specialties at over 6,000 client sites. Health care costs totaled approximately $1.0 trillion in 1995, having risen at a rate approximately twice that of inflation during the last decade. The escalation of such expenditures has led to pressure to contain costs and attempts to shift the financial risk of delivering health care from payors to providers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for payments due upon the consummation of the Acquisitions, repayment of certain assumed indebtedness, working capital and general corporate purposes including future acquisitions. |