wsj_0806.xml
WSJ891027-0089
WSJ891027-0089
=
891027
=
891027
891027-0089
.
891027-0089
.
Financing
Business
:
@
Healthdyne
Inc.
Financing
Business
:
@
Healthdyne
Inc.
10/27/89
10/27/89
10/27/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
HDYN
HDYN
STOCK
MARKET
,
OFFERINGS
(
STK
)
INITIAL
STOCK
OFFERINGS
(
INI
)
STOCK
MARKET
,
OFFERINGS
(
STK
)
INITIAL
STOCK
OFFERINGS
(
INI
)
HEALTHDYNE
Inc.
,
Atlanta
,
said
its
subsidiary
,
Home
Nutritional
Services
Inc.
,
registered
with
the
Securities
and
Exchange
Commission
an
initial
public
offering
of
four
million
shares
of
common
.
The
in-home
health
care
services
provider
said
it
will
sell
1.8
million
of
the
new
shares
,
while
Home
Nutritional
Services
will
sell
the
remaining
2.2
million
.
The
company
estimates
the
offering
price
at
between
$
14
and
$
16
a
share
.
The
company
said
it
expects
to
use
the
proceeds
to
repay
certain
bank
debt
and
for
general
corporate
purposes
,
including
establishing
new
operating
centers
and
possible
acquisitions
.
Home
Nutritional
currently
has
10
million
shares
outstanding
.
It
will
have
11.8
million
shares
outstanding
after
the
offering
,
with
Healthdyne
owning
about
65
%
of
the
total
.