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Allscripts Announces Closing of Common Stock Offering; Underwriters Exercise in Full Option to Purchase Additional Shares of Common Stock.


CHICAGO -- Allscripts (Nasdaq:MDRX) announced that it closed its public offering of common stock today. In the offering, Allscripts sold 8,395,000 shares of its common stock, including 1,095,000 shares upon the exercise in full of the underwriters' option to purchase additional shares of common stock, at a price per share of $17.75. After deducting underwriting discounts and commissions, 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 Allscripts were approximately $141.6 million.

Allscripts intends to use all of the net proceeds from the offering to finance the proposed acquisition of A4 Health Systems, Inc. If the acquisition is not consummated, the proceeds will be used for general corporate purposes.

The offering was led by Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking.  and UBS UBS Union Bank of Switzerland
UBS United Bible Societies
UBS United Blood Services
UBS United Buying Service
UBS Used Bookstore
UBS University Business Services
UBS Universal Building Society (UK)
UBS Ulaanbaatar Broadcasting System
 Investment Bank as joint book-running managers. Jefferies Broadview, William Blair
People:
  • William M. Blair, investment banker from Chicago
  • William J. L. Blair, Tony Blair's brother
  • William W. Blair (1828–1896), leader in the Reorganized Church of Jesus Christ of Latter Day Saints (RLDS Church)
 & Company, Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution  and Goldman, Sachs & Co. were co-managers for the offering.

A copy of the final prospectus Final Prospectus

A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors.

Notes:
The final prospectus must be given to every investor who purchases a new issue of registered securities.
 supplement and accompanying prospectus relating to the offering may be obtained, when available, from Lehman Brothers, Prospectus Department, c/o ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing.

(2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp.
 Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, 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 11717 and UBS Investment Bank, 299 Park Avenue, New York, NY 10071. These documents are being filed with the Securities and Exchange Commission and are available over the Internet at the SEC's web site at http://www.sec.gov.

About Allscripts

Allscripts is a provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. Allscripts Clinical Solutions Group's clinical software applications include Electronic Health Record, e-prescribing and document imaging solutions. Additionally, Allscripts provides clinical product education and connectivity solutions for physicians and patients through its Physicians Interactive(TM) Group and medical fulfillment services through its Medication Solutions Group.

This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any offer of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Statements in this press release contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the proposed acquisition and the intended use of proceeds of the offering. These statements involve a number of risks and uncertainties, including conditions in the financial markets and customary closing conditions. For a more complete discussion of the risks, uncertainties and assumptions that may affect Allscripts, see the final prospectus supplement relating to the offering and Allscripts' 2004 Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
, available through the Web site maintained by the Securities and Exchange Commission at www.sec.gov.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 28, 2006
Words:447
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