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Healtheon Corporation
4600 Patrick Henry Drive, Santa Clara, CA 95054 * (408) 876-5000
Business Description The company has designed and developed an Internet based information and transaction platform that allows its to create Virtual Healthcare Networks that facilitate and streamline interactions among participates in the healthcare industry.
Offering
Information

Company has
gone public

Trading As  HLTH (NASNTL) Industry  Internet (SIC 7374)
Type of Stock Offered  Common Shares Filing Date  01/14/1999
Domestic Shares Offered  5,000,000 Offer Date  02/10/1999
Foreign Shares Offered  0 Filing Range  $7.00 - $8.00
Company Shares  5,000,000 Offer Price  $8.00
Selling Shrhldrs Shares  0 Gross Spread  $0.560
Gross Proceeds  $40,000,000 Selling  $0.340
Expenses  - - Reallowance  $0.100
Post-IPO Shares  59,422,868 Employees  379
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Morgan Stanley Dean Witter Discover & Co. Lead Manager (212) 761-5900
Goldman, Sachs & Co. Co-manager (212) 902-5959
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
Volpe Brown Whelan & Company Co-manager (415) 274-4463
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 9 Months Ending
Figures in U.S. millions except per share data     12/31/1995 12/31/1996 12/31/1997 09/30/1997 09/30/1998
Revenues   - - 2.175 11.013 13.390 7.000 33.231
Income from Oper.   - - -3.936 -16.541 -25.423 -19.073 -35.196
Net Income   - - -4.458 -18.606 -28.005 -21.273 -35.613
E.P.S   - - -0.850 -2.830 -3.880 -3.030 -1.230
Revenue Growth (%)      - - 406.34 21.584   374.73
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -16.35 -10.68 -13.87
Cash Flow - Inv.     -9.28 -0.74 -1.29
Cash Flow - Fin.     34.59 5.92 3.18
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 09/30/1998 Financial Ratios
Total Assets    50.27 Current Assets    12.28 Current Ratio    0.67
Total Liab.    20.05 Current Liab.    18.33 Debt Ratio    39.87%
Total Equity    30.23 Working Cap.    -6.06 Debt to Equity Ratio    0.66
Cash    5.39    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to retire short term debt and for general corporate purposes including working capital and capital expenditures.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Bank's Law Firm  Fenwick & West
Registrar/Transfer Agent  American Stock Transfer & Trust Co
Auditor  Deloitte & Touche
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Last updated: 09/29/1999 3:51:27 AM
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