| Monarch Dental Corporation | |||
| Ticker: | MDDS | 4201 Spring Valley Road, Suite 320 | |
| Exchange: | NASDAQ-National Market | Dallas, TX 75244 | |
| Industry: | Service (SIC Code 8099) | (972) 702-7446 | |
| Type of Shares: | Common Shares | Filing Date: | 4/2/97 | |
| U.S. Shares: | 2,750,000 | Offer Date: | 7/18/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,750,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.91 | |
| Offering Amount: | $30,250,000 | Selling: | $0.52 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 439-3626 |
| Montgomery Securities | Co-manager | (415) 627-2100 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Issuer's Law Firm: | Goodwin Procter & Hoar |
| Bank's Law Firm: | Brobeck, Phleger & Harrison |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $35.98 | Assets: | $32.91 | ||
| Net Income: | $0.68 | Curr Assets: | |||
| EPS: | $0.05 | Liabilities: | $28.60 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $2.26 | Equity: | $4.30 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company manages dental group practices in selected markets, presently including Dallas-Fort Worth, Houston, Wisconsin and Arkansas. The cmpany seeks to build geographically dense networks of dental providers by expanding within its existing markets and entering new markets through acquisition. At April 1, 1997, the company managed 66 Dental Offices, of which 15 were internally developed and 51 were acquired by the company. The Dental Offices provide general dentistry services and increasingly offer specialty dental services such as orthodontics, oral surgery, endodontics, periodontics and pediatric dentistry. At April 1, 1997, the Dental Offices employed 126 full-time general dentists and employed or contracted with 11 full-time specialists. The dental services industry is undergoing rapid change throughout the United States. The industry historically has been fragmented, with dental care delivered through thousands of providers practicing wither independently or in small groups. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay a portion of existing indebtedness, to redeem all outstanding shares of redeemable preferred stock and for general corporate purposes. |