| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Prospect Medical Holdings, Inc. |
| 515 South Flower Street, Suite 1640, Los Angeles, CA 90071 * (213) 629-2185 |
| The Company primarily manages physician organizations that specialize in providing medical services to individuals enrolled in managed care programs offered by health maintenance organizations. |
| Manager | Tier | Phone |
| Security Capital Trading Corp. | Lead Manager |
| AMEX: | PXX | Service: | SIC 8011 | |
| Type of Shares: | Common Shares | Filing Date: | 9/18/98 | |
| U.S. Shares Filed: | 3,000,000 | Filing Price: | $6.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $18,000,000 | |
| Primary Shares: | 3,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | 7,449,395 | |
| Employees: | 10 |
| Issuer's Law Firm: | Miller & Holguin |
| Bank's Law Firm: | Hall Dickler Kent Friedman & Wood, LLP |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/97 | 6/30/98 | 6/30/97 | 6/30/98 | ||
| Revenue: | $29.95 | $40.31 | $19.98 | Assets: | $28.50 |
| Net Income: | -$2.64 | $0.38 | -$2.94 | Curr Assets: | $7.13 |
| EPS: | -$0.55 | $0.07 | -$0.62 | Liabilities: | $23.16 |
| Prior EPS: | $0.22 | -$0.02 | -$1.84 | Curr Liab: | $9.70 |
| Cash Flow/Oper: | -$1.02 | $1.17 | -$0.21 | Equity: | $5.34 |
| Cash Flow/Fin: | $9.39 | -$2.20 | -$2.59 | Cash: | $1.76 |
| Cash Flow/Inv: | -$10.88 | Working Cap: | -$2.57 | ||
| Use of Proceeds |
| The proceeds from the proposed offering will be used for to pay down the outstanding balance under the Company's credit facility provided by Imperial Bank. Draws under such facility were used by the Company (i) in connection with certain acquisitions, and (ii) for working capital. The Company intends to apply additional proceeds of the Offering (i) to repay certain outstanding promissory notes made in connection with certain completed acquisitions, (ii) to pay a portion of the costs to establish a health plan with a limited license pursuant to California law and to form and develop a Medicare Health Plan, in each case to assume full risk for the provision of health care services under contracts with HMOs or HCFA, as applicable, and (iii) for working capital. |
| Additional Underwriter Compensation |
| Warrant to purchase 300,000 shares/units at a nominal price. |
| Exercise price of $7.20 for 4 year(s), 1 year(s) from . |