FPA Medical Management elects not to proceed with secondary public offering.SAN DIEGO--(BUSINESS WIIRE)--Nov. 5, 1996--FPA Medical Management, Inc. (Nasdaq:FPAM FPAM Financial Planning Association of Malaysia ) announced today that it has determined not to proceed at this time with its previously announced plans to make a public offering of its common stock and therefore, stock will not be sold by existing security holders pursuant to granted registration rights as previously announced. The decision was based in part as a result of market conditions. The company said that it will consider other potential financing alternatives, including private and public offerings of debt and equity-related securities, and may access the capital markets in the future at a time it deems to be in the best interest of the Company and its stockholders. Steven Lash, Executive Vice President and Chief Financial Officer stated, "With the company's recently increased credit facility, cash position and final terms of the Sterling transaction, we are very comfortable in exploring financing alternatives other than a public equity offering." FPA 1. (hardware) FPA - floating-point accelerator. 2. (programming) FPA - Function Point Analysis. Medical Management, Inc. is a national healthcare management service organization that organizes and manages primary care physician networks to contract with HMOs and other prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. health insurance plans to provide physician and related healthcare services and provides contract management and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to hospital-based emergency departments. Certain statements in this release are forward looking. Although FPA Medical Management, Inc. believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business, there can be no assurance that actual results will not differ materially from its expectations. Factors that could cause actual results to differ from the expectations include the difficulty in controlling healthcare costs and the possible negative effects of prospective healthcare reform. For other important factors that may cause actual results to differ materially from expectations and underlying assumptions, see reports by FPA Medical Management, Inc. filed with the Securities and Exchange Commission. CONTACT: FPA Medical Management, Inc., San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Investor Contact: Steven M. Lash, 619-295-7005 or Morgen-Walke Associates, 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 Evan Smith/Jill Ruja Media Contact: Miriam Adler Ad·ler , Alfred 1870-1937. Austrian psychiatrist. He rejected Sigmund Freud's emphasis on sexuality and theorized that neurotic behavior is an overcompensation for feelings of inferiority. 212-850-5600 |
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