| First New England Dental Center, Inc. | |||
| Proposed Ticker: | MOLR | 85 Devonshire Street | |
| Exchange: | NASDAQ-National Market | Boston, MA 02109 | |
| Industry: | Service (SIC Code 8021) | (617) 742-4750 | |
| Type of Shares: | Common Shares | Filing Date: | 10/24/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $34,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| PaineWebber Incorporated | Lead Manager | (212) 713-2626 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Issuer's Law Firm: | McDermott, Will & Emery |
| Bank's Law Firm: | Orrick, Herrington & Sutcliffe |
| Auditor: | KPMG Peat Marwick |
| 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 | ||
| 12/31/95 | 9/30/96 | 9/30/96 | |||
| Revenue: | $2.19 | $9.05 | Assets: | $15.00 | |
| Net Income: | -$2.11 | -$3.20 | Curr Assets: | ||
| EPS: | -$3.56 | -$0.84 | Liabilities: | $10.19 | |
| Prior EPS: | -$3.65 | Curr Liabilities: | |||
| Cash Flow/Oper: | -$1.76 | Equity: | $4.81 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is among the largest providers of dental practice management services to multi-specialty dental practices in New England. The company currently manages 33 Dental Facilities in the states of CT, MA, NH, RI and VT, utilizing 68 dentists. First Dental's objective is to make each of its Dental Facilities a leading multi-specialty dental care provider in the local market it serves. The company seeks to enhance the quality and profitability of each Dental Facility by increasing both patient visits and the range of services offered, achieving operating efficiencies, and consolidating and integrating the Dental Facilities within the Network. The company's goal is to establish a regional base in New England and, over time, the Northeast Corridor. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to acquire and expand Dental Facilities and for general corporate purposes, including working capital and the repayment of outstanding indebtedness. |