Amisys Managed Care Systems has completed a public offering of about 1.6 million shares of common stock at $24.50 per share. Of that total, 75,500 shares were offered by the company, 130,000 by the company's management and the remainder by several venture capitalists investing in Amisys. The Rockville, Md.-based developer of managed-care information systems for healthcare payers and providers went public last December. With the latest offering, Amisys has 8.2 million shares outstanding. For the year ended Dec. 31, 1995, the company reported net income of $1.7 million on revenues of $31.8 million.
AmeriNet signed an agreement to allow its members access to the University of Tennessee Drug Information Center. The center will provide information on product availability, adverse reactions, dosing and administration, drug interactions and other areas via telephone or facsimile machine. It has several databases and direct links to outside sources of drug information. The service is part of the AmeriNet PharmacoTherapeutic Service Program. AmeriNet is a St. Louis-based purchasing group.
National Data Corp. and CIS Technologies closed their merger following a meeting of CIS shareholders ratifying the issuance of 2.8 million shares of National Data common stock. The value to CIS shareholders was about $108.5 million, based on the closing price of $38.75 per share of National Data stock on the NASDAQ trading system on May 30, the day the deal was approved. CIS, a Tulsa, Okla.-based healthcare reimbursement and business office management company, will become a subsidiary of National Data, an Atlanta-based provider of information systems and services for the payment systems and healthcare markets.
Enterprise Systems, a Wheeling, Ill.-based provider of healthcare information management software, said it plans to acquire the materials management division of Continental Healthcare Systems for $13.9 million. The acquisition of the Overland Park, Kan.-based company will provide cross-selling opportunities for Enterprise's healthcare resource management products, which include materials management, operating-room logistics and network patient and staff scheduling software. The company went public last October and is traded on the NASDAQ system.
Pearle Vision Managed Care has signed three contracts that add 440,000 enrollees to its network. The Dallas-based company has doubled in size to
1.3 million enrollees since January. The new contracts are with United HealthCare Corp., Chicago; Kaiser Permanente, Atlanta; and Oxford Oaktree, Philadelphia. "We believe that by the year 2000, as much as 60% of eye-care business could come from managed-care plans," said Glenn Hemmerle, president and chief executive officer of Pearle, which operates 900 retail optical locations. Pearle Managed Care provides eye-care services to HMOs, PPOs and self-insured companies through a network of more than 1,500 providers.
ProMedCo, a Fort Worth, Texas-based physician practice management company, received a $25 million credit facility from NationsCredit, a NationsBank company. The credit will be used for working capital and future acquisitions. Earlier, the privately held company received equity investments from its founders and from Bessemer Venture Partners, a venture capital firm. ProMedCo manages at least 60 physicians, 80% of them in primary care.