Accredo Health Announces Exercise of Over-Allotment Option.Business Editors MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--Sept. 12, 2000 Accredo Health, Incorporated (Nasdaq:ACDO ACDO Air Carrier District Office ACDO Assistant Command Duty Officer ) today announced that the underwriters of its recent public offering of Common Stock have exercised their over-allotment option to purchase an additional 360,000 shares of Common Stock. The option was granted in connection with the Company's recent equity offering of 2.4 million shares, which commenced on August 17, 2000. The 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). to the Company, before expenses, from the exercise of the over-allotment option are approximately $11.6 million, increasing to approximately $88.9 million the total net proceeds, before expenses, from the equity offering. The managing underwriters of the offering were Chase H&Q and SunTrust Equitable Securities, acting as lead managers, and Banc of America Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and First Union Securities, Inc. Accredo Health, Incorporated and its subsidiaries, including Nova Factor, Inc. and Hemophilia Health Services health services Managed care The benefits covered under a health contract , Inc., provide specialized contract pharmacy and related services pursuant to agreements with biotechnology drug manufacturers relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the treatment of patients with certain costly, chronic diseases. The Company's services include collection of timely drug utilization and patient compliance information, patient education and monitoring through the use of written materials and telephonic consultation, reimbursement expertise, and overnight drug delivery. Offers may only be made by means of a prospectus. A copy of the Prospectus relating to the offering may be obtained from Chase H&Q, 230 Park Avenue, 20th Floor, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10169, 212/207-1400; SunTrust Equitable Securities Corporation, 511 Union Street, Nashville, TN 37219, 615/780-9300; Banc of America Securities LLC, 9 W. 57th Street, 47th Floor, New York, NY 10019, 212/583-8000; or First Union Securities, 7 St. Paul Street, Baltimore, MD 21202, 443/263-6400. A registration statement relating to the Common Stock was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. |
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