| Physicians Quality Care, Inc. | |||
| Proposed Ticker: | - | 950 Winter Street, Suite 2410 | |
| Exchange: | NASDAQ-National Market | Waltham, MA 02154 | |
| Industry: | Service (SIC Code 8011) | (617) 890-5560 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 4/29/97 | |
| U.S. Shares Filed: | 8,000,000 | Filing Price: | $3.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $24,000,000 | |
| Primary Shares: | 8,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: | 32,071,614 |
| Manager | Tier | Phone |
| Non-Underwritten | Lead Manager |
| Issuer's Law Firm: | Hale and Dorr |
| Auditor: | Ernst & Young |
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: | $8.97 | Assets: | $39.35 | ||
| Net Income: | -$4.61 | Curr Assets: | |||
| EPS: | -$0.86 | Liabilities: | $7.77 | ||
| Prior EPS: | -$1.80 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | $31.58 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company provides practice management services for multi-specialty medical practice groups. The company's objective is to establish networks of primary and specialty care physicians and related diagnostic and therapeutic support services which can provide comprehensive healthcare services in targeted geographic areas. The company believes that its strategy will enable it to generate increases demand for the services and capabilities of its affiliated physicians, treat patients in lower cost settings and negotiate favorable managed care contracts. The company intends to achieve growth through the recruitment of additional physicians, the expansion of managed care relationships and the development of contractual or strategic relationships with providers of ancillary services. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to constitute all or a portion of the purchase price of the affiliations. |