Portland, Maine
Went public 7/13/2000 at $9 per share
Filing Range: 7.5 mil. shares @ $9 to $11
Shares Outstanding: 30.78 mil. shares
Underwriters: Robertson Stephens/J.P. Morgan & Co. Inc./
SG Cowen
Company Counsel: Hale & Dorr LLP
Manager Counsel: Testa Hurwitz & Thibeault
Auditor: Arthur Andersen & Co.
The Company:
Offers business-to-business services and software that allows players in the health-care industry to manage the complex contracts required for buying and selling pharmaceutical and medical/surgical products. These players include manufacturers, distributors, group purchasing organizations, pharmacy benefit managers and health-care institutions.
Venture Backers:
MSD Capital LP
Insight Capital Partners LLC
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 09/19/1997 2 Early Stage 6000.0
2 12/30/1999 4 Expansion 12500.0
Financials:
Y/E
12/31/99
Total Revenues: $19.4
Net Income: -5.2