| OrthAlliance, Inc. | |||
| Ticker: | ORAL | 23848 Hawthorne Boulevard, Suite 200 | |
| Exchange: | NASDAQ-National Market | Torrance, CA 90505 | |
| Industry: | Service (SIC Code 8741) | (310) 791-5656 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 5/14/97 | |
| U.S. Shares: | 2,600,000 | Offer Date: | 8/20/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,600,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $28,600,000 | Selling: | $0.50 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| J.C. Bradford & Co. | Lead Manager | (615) 748-9347 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7400 |
| Issuer's Law Firm: | Nelson Mullins Riley & Scarbourough |
| Bank's Law Firm: | Bass, Berry, & Sims |
| Auditor: | Arthur Andersen |
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: | $45.38 | Assets: | $14.32 | ||
| Net Income: | $4.18 | Curr Assets: | |||
| EPS: | Liabilities: | $5.15 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $9.17 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company was recently organized to create a leading provider of practice management services to orthodontic practices in the United States. The company will manage the business aspects of the Allied Practices, a recent acquisition. The company will affiliate with Allied Practices pursuant to long-term service agreements and will generate revenues by providing management, marketing and development services to Allied Practices. The company intends to aggressively expand its network of Allied Practices by acquiring certain operating assets of and entering into long-term management services agreements with additional practices throughout the United States. The company has entered into definitive agreements, to be consummated simultaneously with the closing of the Offering, to acquire certain operating assets of and enter into long-term management services agreements with 59 Founding Practices, which include 87 orthodontists operating 156 offices located in 17 states. Management believes that the company has distinguished itself from its competitors by affiliating with the Founding Practices, which management believes are leading practices in their markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the cash portion of the purchase price for selected assets of the Founding Practices; to repay certain indebtedness; and for general corporate purposes which are expected to include future acquisitions and the development of satellite offices. |