OVERVIEW of MCIF as I read it...
(I'm buying MCIF mainly because John Pappajohn has been buying it so heavily.)
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MC Informatics, Inc (OTCBB: MCIF)
18881 Von Karman Avenue, Suite 100, Irvine, CA 92612
Phone: (949) 261-7100, Fax: (510) 883-2190
Employees: 66
WEBSITE: mcinformatics.com
(Also noticed that MCIF registered ehealthis.com on 11-23-99.)
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52 WEEK HIGH / LOW: $3.125 / $1.50
PRICE: $1.625
CHART: finance.yahoo.com
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SHARE INFORMATION:
-Outstanding: 15.5 Million
-Float: 7.6 Million
-Preferred Shares: -0- Outstanding
-Options Outstanding: Range from $1.00 to $5.00
-Insider Ownership: 51%
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INDUSTRY AVERAGES: (from MARKETGUIDE)
Price/Earnings Ratio: 54 x EPS
Price/Sales Ratio (ttm): 27.17
Growth Rate (ttm): 43%
Gross Margin (ttm): 74%
EBITD margin (ttm): 24%
Net Profit Margin (ttm): 13%
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PRESS RELEASES: mcinformatics.com
SEC FILINGS:
sec.gov
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- - - - - BUSINESS SUMMARY - - - - -
- PLAN: MCIF targets to establish itself as a leading national Business-to-Business applications service provider (ASP) for the healthcare industry.
Partial Client list: mcinformatics.com
MC Informatics is a B2B Applications Service Provider (ASP) in the healthcare industry. Founded in 1997, MC Informatics was privately held until it merged with HealthDesk in 1999.
MCIF?s new Internet-based services are designed to begin establishing MC Informatics as a leading national Business-to-Business Applications Service Provider (B2B-ASP) for the healthcare industry. Its focus is to enter into partnerships with healthcare organizations, hospitals, clinics, managed care facilities, and physicians and provide and support their IT applications with the latest industry technologies. MCIF?s services give healthcare organizations the ability to establish secure Internet links for their systems between one or many users. MCIF, as an ASP, is cost-effective and secure for their clients. The Company says these services reduce clients' costs while improving operations.
MCIF provides seamless integration of services, including hardware, software, new software selection, software and system implementation, integration, testing, a secure network infrastructure, reliable mission-critical data center facilities, e-health system design, implementation and support, and a highly skilled staff of IT experts who provide all of these services.
MCIF provides:
Information Technology
Information Management
Business-to-Business and Business-to-Consumer connectivity;
Partial and Complete Outsourcing
Personnel Acquisition
User Training
Technical Support
System Implementation and Maintenance
Strategic and Operations Management
Database Development
Interim Management
Facilities Management
Consulting
Complete Operational Support for all IT Functions including:
- Internet Services such as ISP, e-mail, Web hosting, Web-publishing;
Distance Learning Programs;
Help Desk;
Network Services;
Desktop Services;
Secure HIPAA-compliant Internet access to application servers;
EMR Support
The Company says this program enables healthcare providers to simplify their management agenda, improve their return on information systems investment and strengthen their technology management by ensuring access to a highly skilled technical labor pool.
MCIF?s consulting services also focus on areas such as strategic planning, analysis of current industry and competitive conditions, integration services, formation of physician-hospital alliances, mergers, multi-specialty group practice formation, facility planning, practice valuations and acquisitions, IDN formation, financial advice and establishment of managed care organizations.
"ASP Business-to-Business e-commerce, using the World Wide Web, is the next direction for healthcare delivery systems," said Bill Childs, MC Informatics' chairman and chief executive officer. "Opportunity is knocking at our doorsteps."
For more information on the company, visit their website: mcinformatics.com .
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- - - - - KEY POINTS - - - - -
- NOTABLE INSIDER BUYING: John Pappajohn (Iowa's legendary investor and leading philanthropist) has been consistently buying shares of MCIF over the past 10 months at prices ranging from $1.56 to $2.81 (Avg cost of $2.37 per share).
He reportedly owns 2,571,800 shares of MCIF. biz.yahoo.com
- SALES UP SHARPLY: Increased 189% for 9-months ended Sept 99 vs. Sept 98.
- ANNUAL SALES: Approximately $8.8 million
- CURRENT RATIO (mrq): 1.34
- DEBT / EQUITY RATIO (mrq): 0.67
- NO LITIGATION
- MERGERS & ACQUISITIONS:
In the past year the company has merged with HealthDesk Corp (Mar 99), acquired Medical Systems Solutions (June 99), and acquired Inteck, Inc. (Oct 99).
- GROWTH: Company growth is planned both internally and through acquisition.
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- - - - - KEY PEOPLE INVOLVED - - - - -
BILL W. CHILDS (Chairman & CEO)
-- Mr. Childs co-founded Technicon Data Systems in 1968, which later became Eclipsys which is a $200+ million company traded on Nasdaq: ECLP.
-- He founded Healthcare Informatics magazine in 1980. In 1995, Mr. Childs sold Healthcare Informatics to McGraw-Hill (NYSE: MHP).
-- He joined CyCare Systems in 1995 as a Senior Vice President. CyCare was acquired in 1996 by McKesson HBOC, Inc. (NYSE: MCK).
-- Mr. Childs co-founded MC Informatics as the Chairman/CEO in April, 1997.
-- He was also a founding board member of the Microsoft Health Users Group.
mshug.org
JOHN G. PAPPAJOHN (Director & Owner of 2.57 million shares of MCIF)
John Pappajohn has a remarkably successful investment history:
-- Forbes Magazine - Sept 8, 1997
forbes.com
-- 1995 Horatio Alger Award - John Pappajohn
horatioalger.com
-- Mr Pappajohn's Personal Biography
pappajohn.com
-- Mr. Pappajohn's Resume
pappajohn.com
-- Other Articles on Mr. Pappajohn
pappajohn.com
OTHER KEY EXECUTIVES LIST:
mcinformatics.com
OTHER KEY SENIOR STAFF LIST:
mcinformatics.com
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