Access Health, Inc. prices public offering.RANCHO CORDOVA Rancho Cordova (răn`chō kôrdō`və), uninc. residential city (1990 pop. 48,731), Sacramento co., N Calif. A suburb of Sacramento, it experienced rapid growth in the late 20th cent. , Calif.--(BUSINESS WIRE)--Dec. 8, 1995--Access Health, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACCS ACCS Air Command and Control System (NATO) ACCS Advanced Cisco Campus Switching ACCS Association of Copyright for Computer Software ACCS Air Command & Control System ACCS Airborne Command & Control Squadron ) announced today that it priced a public offering of 2,758,216 shares of its common stock at $32 per share. Of the shares of common stock being offered, 1,000,000 shares were sold by Access Health and the remaining shares were sold by existing venture capital stockholders. The selling venture capital stockholders also granted the underwriters options to purchase up to an additional 413,732 shares to cover over-allotments. Management did not sell any shares in the offering. The company will use its net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering for business expansion and general corporate purposes. Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co. was the lead manager for the offering. Dean Witter Reynolds Dean Witter Reynolds was an American stock brokerage catering to the middle class. In 1997, it merged with the Morgan Stanley Group to form Morgan Stanley Dean Witter. The amalgamated firm is now known as Morgan Stanley. Inc., Montgomery Securities and Smith Barney Inc. were the co-managers. Access Health, Inc. is the leading provider of personal health management products and services to the health care industry. The company's clients include managed care organizations, health plans, self-insured employers and hospital and physician delivery systems. A prospectus relating to these securities may be obtained by contacting Merrill Lynch & Co., Tritech Services, 40 Colonial Dr., Piscataway, N.J. 08854. The telephone number is 908/885-2760 and the fax number is 908/885-2774. CONTACT: Access Health, Inc. John Crisan or Matt Plavan, 916/851-4000 or White & Company Laura Hawkins, 415/274-8100 |
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