| American Medical Providers, Inc. | |||
| Proposed Ticker: | AMPZ | 3555 Timmons Lane, Suite 1550 | |
| Exchange: | NASDAQ-National Market | Houston, TX 77027 | |
| Industry: | Service (SIC Code 8021) | (713) 621-5500 | |
| # of Employees: | 175 | ||
| Type of Shares: | Class A Common Shares | Filing Date: | 11/4/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $30,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| A.G. Edwards & Sons, Inc. | Lead Manager | (314) 955-3039 |
| Issuer's Law Firm: | McDermott, Will & Emery |
| Bank's Law Firm: | Baker & Hostetler |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/97 | 6/30/97 | ||||
| Revenue: | $0.00 | Assets: | $0.79 | ||
| Net Income: | -$0.80 | Curr Assets: | $0.66 | ||
| EPS: | Liabilities: | $2.11 | |||
| Prior EPS: | $0.04 | Curr Liabilities: | $2.11 | ||
| Cash Flow/Oper: | Equity: | -$1.31 | |||
| Cash Flow/Fin: | -$0.04 | Cash: | $0.00 | ||
| Cash Flow/Inv: | -$0.04 | Working Cap: | -$1.45 | ||
| Business Description |
| The company was founded in August 1996 to provide practice management services and comprehensive foot care delivery systems to podiatric practices throughout the United States. The company will generate revenue by providing to the Affiliated Practices professional management, marketing, expertise, equipment and facilities often unavailable to podiatrists with small practices. The initial 45 Affiliated Practices consist of 64 doctors of podiatric medicine ("DPMs") operating 95 offices located in 7 states serving 57 cities. The Company intends to grow rapidly by affiliating with additional podiatric practices and by making available to the Affiliated Practices services that are ancillary and directly related to the Affiliated Practices' existing podiatric care. The Company has entered into definitive agreements to transfer cash and Common Stock and assume certain liabilities in exchange for stock or certain operating assets and receivables of the Affiliated Practices simultaneous with and as a condition to the closing of the Offering. |
| Competition |
| The Company competes with many other entities to affiliate with podiatric practices. Several companies that have established operating histories and greater resources than the Company are pursuing the acquisition of the assets of general and specialty practices and the management of such practices. Physician practice management companies and some hospitals, clinics and HMOs engage in activities similar to the activities of the Company. There can be no assurance that the Company will be able to compete effectively with these competitors, that additional competitors will not enter the market or that this competition will not make it more difficult to affiliate with, and to enter into agreements to provide management services to, practices on terms beneficial to the Company. Regional Group Practices will compete with other local podiatric care service providers, as well as some managed care organizations. The Company believes that changes in government and private reimbursement policies and other factors have resulted in increased competition for consumers of medical services. The Company believes that the cost, accessibility and quality of services provided are the principal factors that affect competition. There can be no assurance that the Regional Group Practices will be able to compete effectively in the markets that they serve. The inability of the Regional Group Practices to compete effectively would materially adversely affect the Company. Further, the Regional Group Practices compete with other providers for managed care podiatric care contracts. The Company believes that trends toward managed care have resulted in increased competition for these contracts. Other practices and management service organizations may have more experience than the Regional Group Practices and the Company in obtaining these contracts. There can be no assurance that the Company or the Regional Group Practices will be able to successfully acquire sufficient managed care contracts to compete effectively in the markets they serve. The inability of the Regional Group Practices to compete effectively for these contracts could materially adversely affect the Company. |
| Business Plan |
| The company's objective is to be the nation's leading provider of management services and comprehensive foot care delivery systems to podiatric practices. To achieve this objective, the company will employ the following operating strategies: (I) Enhancing Quality of DPM Patient Care, (ii) Achieving Operational Efficiencies, (ii) Developing Regional Group Practice Structure, (iii) Providing Effective Marketing and (iv) Implementing Comprehensive Foot Care Delivery Systems. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the cash portion of the consideration to be paid in the Formation Transactions; to repay certain indebtedness and deferred expenses of the company; to complete the purchase of the company's management information systems; and for general corporate purposes which may include future transfers of DPM practices and certain development costs of ancillary services. |
| Name of Shareholder | % Owned Before | % Owned After |
| Ankle & Foot Centers of America, LLC | 56.30% | |
| Jack N. McCrary | 32.50% |
| Officer Name | Title | Age |
| Jack N. McCrary | Chairman of the Board of Directors, President and Chief Executive Officer | 60 |
| Randy E. Johnson | Senior Vice President -- Regional Operations Officer | 42 |
| Wayne A. Bertsch | Senior Vice President, Chief Financial Officer, Treasurer and Director | 55 |
| David LaGuardia | Vice President -- Ancillary Support Services | 37 |
| Kenneth Arrowood | vice President -- Development | 58 |
| Joseph D. Grau | Vice President -- Regional Operations Officer | 42 |
| Roger Bigham | Vice President of the Company and Chief Operating Officer of AnestheCare | 45 |