ALTA Health Strategies Inc. has filed a registration statement with the Securities and Exchange Commission covering the proposed sale of 2 million shares of common stock at $10-$12 per share.
The net proceeds to the company from the offering will be used to repay indebtedness, for working capital and other general corporate purposes, including possible future acquisitions.Alex. Brown & Sons Inc. and Merrill Lynch Capital Markets are managing the underwriting syndicate.
Salt Lake-based ALTA Health Strategies Inc. is a managed health care company providing integrated claims administration, utilization review and other services designed to control employer health care costs.
The company's primary markets are employers with self-funded group health care benefit plans and employers with insured benefit plans seeking managed health care alternatives.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.