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| Quality Care Solutions, Inc. |
| 5030 East Sunrise Drive, Phoenix, AZ 85044 * (480) 940-6432 |
| Business Description | The company is a provider of claims and benefits administration software for the healthcare industry. We are marketing what we believe to be the only currently available Internet-based business-to-business solution capable of promptly adjudicating and approving for payment the majority of healthcare claims. |
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Filing Information Not yet | |||
| To Trade As | QCSI (NASNTL) | Industry | Internet (SIC 7374) |
| Type of Stock Offered | Common Shares | Filing Date | 2/15/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $60,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| Warburg Dillon Read LLC | Co-manager | (203) 719-3000 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/97 | 12/31/98 | 12/31/99 | ||||
| Revenues | - | - | 2.598 | 3.106 | 6.693 | - | - |
| Income from Oper. | - | - | -1.058 | -2.803 | -2.379 | - | - |
| Net Income | - | - | -1.068 | -3.835 | -2.425 | - | - |
| E.P.S | - | - | -0.150 | -0.420 | -0.490 | - | - |
| Revenue Growth (%) | - | - | 19.52 | 115.514 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -1.47 | - | - | ||||
| Cash Flow - Inv. | -0.04 | - | - | ||||
| Cash Flow - Fin. | 0.42 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 2.44 | Current Assets | 1.22 | Current Ratio | 0.90 |
| Total Liab. | 9.75 | Current Liab. | 1.37 | Debt Ratio | 398.86% |
| Total Equity | -7.30 | Working Cap. | -0.14 | Debt to Equity Ratio | - |
| Cash | 0.30 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund increases in our sales and marketing capabilities; to fund product development programs; for working capital; for payment of preferred stock cumulative dividends; to fund potential acquisitions and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Bryan Cave |
| Bank's Law Firm | Cravath, Swaine & Moore |
| Registrar/Transfer Agent | American Securities Transfer and Trust |
| Auditor | Deloitte & Touche |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Dominion Fund IV L.P. | 23.70 | |
| J. Mikel Echeverria | 17.20 | |
| Gregory S. Anderson | 9.30 | |
| Sherwood H. Chapman | 7.70 | |
| Michael S. Williams | 6.90 | |
| Paradise Canyon Ventures L.L.C. | 6.50 | |
| Aztore Holdings, Inc. | 5.90 | |
| Note: represents ownership of 5% or more prior to the offering. | ||