ADVANCED MEDICAL FILES REGISTRATION STATEMENT WITH SEC
ADVANCED MEDICAL FILES REGISTRATION STATEMENT WITH SEC SAN FRANCISCO, Jan. 10 /PRNewswire/ -- Advanced Medical, Inc.
(AMEX: AMA) announced today that it has filed an amended registration statement with the Securities and Exchange Commission to register 500,000 shares of common stock to be sold by the company, in addition to its previously filed $55 million of convertible subordinated debentures.
The offerings will be managed by Kidder, Peabody & Co. Incorporated. Net proceeds to the company from the offerings will be used to repay and restructure the company's outstanding debt and for general working capital purposes. Advanced Medical, Inc. through its subsidiaries, is a leading developer and manufacturer of infusion systems and related technologies for the health care industry. The company's major operating subsidiary is IMED Corporation, one of the largest manufacturers of intravenous infusion pumps and disposable administration sets in the United States. The company owns approximately 79 percent of IMED's common stock (on a fully diluted basis). A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. -0- 1/10/92 /CONTACT: Stanley S. Anders, III, chief financial officer of Advanced Medical, 415-291-8801/ (AMA) CO: Advanced Medical, Inc. ST: California IN: HEA SU: OFR PS -- NY045 -- 8667 01/10/92 13:54 EST
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|Date:||Jan 10, 1992|
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