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Unilab Corporation
18448 Oxnard Street, Tarzana, CA 91356 * (818) 996-7300
Business Description The company is the largest independent clinical laboratory testing company in California and one of the largest in the nation.
Offering
Information

Company has
gone public

Trading As  ULAB (NASNTL) Industry  Service (SIC 8071)
Type of Stock Offered  Common Shares Filing Date  5/3/2001
Domestic Shares Offered  6,700,000 Offer Date  6/5/2001
Foreign Shares Offered  0 Filing Range  $14.00 - $16.00
Company Shares  6,700,000 Offer Price  $16.00
Selling Shrhldrs Shares  0 Gross Spread  $1.120
Gross Proceeds  $107,200,000 Selling  $0.670
Expenses  - - Reallowance  $0.100
Post-IPO Shares  32,204,300 Employees  3550
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Salomon Smith Barney Lead Manager (212) 723-7300
CS First Boston Co-manager (212) 325-2000
U.S. Bancorp Piper Jaffray Co-manager (612) 342-6220
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data     6/30/1998 6/30/1999 6/30/2000 12/31/1999 12/31/2000
Revenues   - - 5.350 3.159 16.123 7.537 12.266
Income from Oper.   - - -1.675 -1.643 -2.822 -0.870 -1.059
Net Income   - - -1.691 -1.573 -2.727 -0.851 -1.735
E.P.S   - - -0.890 -0.570 -0.730 -0.250 -0.410
Revenue Growth (%)      - - -40.95 410.383   62.74
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -2.28 -1.03 -1.78
Cash Flow - Inv.     -3.02 -0.80 -3.58
Cash Flow - Fin.     6.13 1.65 5.00
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/2000 Financial Ratios
Total Assets    11.48 Current Assets    6.06 Current Ratio    1.71
Total Liab.    5.82 Current Liab.    3.55 Debt Ratio    50.65%
Total Equity    5.67 Working Cap.    2.52 Debt to Equity Ratio    1.03
Cash    0.81    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to repay outstanding indebtedness and to compensate Kelso & Company as consideration for the termination of annual fees for the provision of financial advisory services to our company.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Skadden, Arps, Slate, Meagher & Flom
Bank's Law Firm  Debevoise & Plimpton
Auditor  Deloitte & Touche
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Last updated: 9/14/2001 2:48:09 PM
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