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Biotech / Medical : AHTC Corp (AHTC)-formerly Advanced Health (ADVH) -- Ignore unavailable to you. Want to Upgrade?


To: Louis Riley who wrote (189)6/4/1998 9:08:00 PM
From: Saulamanca  Read Replies (1) | Respond to of 371
 
Advanced Health may spin off unit - Business Week

NEW YORK, June 4 (Reuters) - Advanced Health Corp. (ADVH - news), a medical practice
management company, may spin off its Advanced Health Technologies unit to shareholders, Business
Week reported in its June 15 issue.

The magazine said the unit, which sells information technology to doctors and hospitals, is expected
to contribute $15 million of revenues this year and about $25 million next year.

Louis Riley III, who heads Riley Capital Research, said the unit, valued separately, would command
about $7 per share.

Advanced Health stock on Thursday closed at $13.31 a share, up $1.125, on the Nasdaq.

Riley told Business Week the medical practice business should turn in $120 million in revenues, up
from $49.5 million in 1997. He valued the unit at $27 per share.



To: Louis Riley who wrote (189)6/5/1998 12:48:00 AM
From: Van Nguyen  Read Replies (1) | Respond to of 371
 
The leader is back. With news release, I think it's time to jump in ;ooo). Still maintain a short position on KTEL, please let me know (before hand if possible) when there's a press release. Thanks.



To: Louis Riley who wrote (189)6/5/1998 10:48:00 AM
From: Dennis C  Respond to of 371
 
Louis:

Do you know where the majority of the short selling came from? Individual or Institutional? If the spin off story is true, I think short selling is an arbitrage play.

Just my opinion.