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December 4, 1997 Press Release
TOTAL RENAL CARE AND THE ROGOSIN INSTITUTE FORM JOINT VENTURE
Joint Venture Consist of Three Dialysis Facilities with 570 Patients; Expansion Planned
Total Renal Care Holdings, Inc. (NYSE: TRL) announced today the formation of a long-term alliance with The Rogosin Institute in New York City, a prestigious not-for-profit institution dedicated to renal research and delivering the highest quality patient care to those with end-stage-renal disease (ESRD) and related ailments.
November 19, 1997 Press Release
TOTAL RENAL CARE AND RENAL TREATMENT CENTERS AGREE TO MERGE
Total Renal Care Holdings, Inc. (NYSE: TRL) and Renal Treatment Centers, Inc.
(NYSE: RXT) today announced that the companies have entered into a definitive
agreement to merge in a stock-for-stock transaction in which TRC will
exchange 1.335 shares for each RTC share in a tax-free exchange.
November 6, 1997 Press Release
TOTAL RENAL CARE REPORTS NET REVENUES UP 55% AND NET INCOME
UP 51% FOR THIRD QUARTER 1997
Continuing to report strong quarterly financial results, Total Renal Care Holdings,
Inc. (NYSE: TRL), the third largest provider of dialysis
services in the United States, today announced record revenues, earnings,
and earnings per share for the third quarter of 1997.
November 6, 1997 Press Release
TOTAL RENAL CARE COMPLETES $1.05 BILLION SENIOR CREDIT LINES; PROCEEDS TO BE USED FOR
AGGRESSIVE, YET DISCIPLINED EXPANSION WORLDWIDE
Total Renal Care Holdings, Inc. (NYSE: TRL) announced today that it has now closed two senior
bank facilities for an aggregate of $1.05 billon which replace the Company's existing $400
million line.
October 1, 1997 Press Release
TOTAL RENAL CARE ADJUSTS RECORD DATE FOR FIVE-FOR-THREE STOCK SPLIT
TRL, today announced that it has adjusted the record date for its five-for-three stock
split announced yesterday. Stockholders of record on October 7, 1997 will receive
two additional shares of the Company's Common Stock for every three shares
owned on the record date.
September 30, 1997 Press Release
TOTAL RENAL CARE ANNOUNCES A FIVE-FOR-THREE STOCK SPLIT
TRL, today announced that its Board of Directors has declared a five-for-three split
of its Common Stock in the form of a stock dividend.
August 27, 1997 Press Release
TOTAL RENAL CARE ADDS 1,000 PATIENTS SINCE JULY 1, 1997
TRL, today announced that since July 1, 1997, the Company has acquired,
in six separate transactions, six facilities with 118 stations serving more than
1,000 patients. In addition, TRL has been chosen by Pioneer Provider
Network as its Renal Disease Management Clinical Partner in Southern
California.
August 12, 1997 Press Release
TOTAL RENAL CARE FILES FOR EQUITY OFFERING
TRL, today announced that it has filed a registration statement with
the Securities and Exchange Commission for an offering of 2,595,524
shares of common stock which are to be offered by affiliates of DLJ
Merchant Banking Partners, L.P. as well as certain officers of the Company.
August 5, 1997 Press Release
TOTAL RENAL CARE SECURES $1 BILLION SENIOR CREDIT LINES FOR
AGGRESSIVE, YET DISCIPLINED EXPANSION, WORLDWIDE
TRL, today announced that it has secured firm commitments for an aggregate of
$1 billion in two senior bank facilities.
August 5, 1997 Press Release
TOTAL RENAL CARE'S STRONG EXPANSION CONTINUES
TRL, today announced that its strong expansion is continuing unabated. Also,
TRL has opened two more de novo centers, entered the end-stage renal disease
(ESRD) clinical research field and has affiliated with an ESRD disease
management software developer.
August 5, 1997 Press Release
TOTAL RENAL CARE REPORTS NET REVENUES UP 62% AND NET INCOME
UP 55% FOR SECOND QUARTER 1997
Continuing to report strong quarterly financial results, Total Renal Care Holdings,
Inc. (NYSE: TRL), the third largest and fastest growing provider of dialysis
services in the United States, today announced record revenues, earnings,
and earnings per share for the second quarter of 1997.
July 2, 1997 Press Release
TOTAL RENAL CARE SHAREHOLDERS ELECT BOARD OF DIRECTORS AT ANNUAL MEETING
TRL, today announced that shareholders overwhelmingly elected the
company's five-member Board of Directors at the Total Renal Care
annual meeting held yesterday.
May 5, 1997 Press Release - Acquisitions
TOTAL RENAL CARE ADDS ANOTHER 900 PATIENTS SINCE APRIL 15, 1997
TRL Acquires 11 More Centers, Opens 2 Additional De Novo Centers,
Enters the United Kingdom Dialysis Market and Purchases a Controlling
Interest in Open Access Sonography, Inc.
May 1, 1997 Press Release
TOTAL RENAL CARE ANNOUNCES TWO NEW BOARD MEMBERS
- Shaul G. Massry, M.D., Professor of Medicine, Physiology and Biophysics
and Chief, Division of Nephrology at the University of Southern
California, School of Medicine, has recently joined TRC's Board.
- Regina E. Herzlinger, the Nancy R. McPherson Professor of Business
Administration Chair at the Harvard Business School, will be joining
TRC's Board of Directors at its next annual stockholders' meeting
set for July 1, 1997.
April 15, 1997 Press Release
TOTAL RENAL CARE ADDS l,600 PATIENTS SINCE JANUARY l, 1997
Total Renal Care Holdings, Inc. today announced that since January
1, 1997, the company has acquired, in three separate transactions,
13 facilities with 176 stations serving more than 1,000 patients.
In addition, TRL has opened five de novo centers in 1997.
First Quarter 1997
- Revenues up 77% to $89,030,000 for the quarter
- Earnings up 83% to $7,825,000 for the quarter
- Cash Flow (EBITDA) margin improved to 24.0% for the quarter
- Achieved strong, consistent same-store first quarter volume growth
of 10%
- Addition of 31 centers, 404 stations, and over 2,500 patients
since January 1, 1997,
- 26 centers, 344 stations and 1,800 patients added to date since
April 1, 1997 for a current total of over 12,700 patients
Fourth Quarter 1996
- Revenues up 105% to $84,794,000 for the quarter, up 102% to $272,947,000
for the year
- Earnings up 119% to $7,187,000 for the quarter, up 174% to $23,725,000
for the year
- Addition of 14 centers, 233 stations, and over 1,300 patients
since October 1, 1996 for a current total of over 10,500 patients
- Additional Letters of intent signed for 12 centers with more than
900 patients
- Achieved exceptional same store fourth quarter volume growth of
11%
- Established seven-year fixed interest rate of 7.1% for $100 million
of the existing $400 million credit line
Third Quarter 1996
- Revenues rise 96% to $73,333,000
- Earnings (before extraordinary item) rise 163% to $6,536,000
- Addition of 15 centers, 230 stations, and over 1,700 patients
since July 1, 1996 for a current total of over 9,700 patients
- Letter of intent signed for 5 more centers with 300 patients
- Secured additional managed care contracts for a current total
of 111
- Repurchased all outstanding 12% Senior Subordinated Discount Notes
on September 30, 1996 (incurring a $7.7 million extraordinary
charge)
- Secured a $400 million new credit line (currently at an interest
rate of 6.125%) to replace former $130 million line
Second Quarter 1996
- Revenues rise 110 % to $64.6 million
- Earnings triple to $5.7 million
- Acquires 12 dialysis centers with 205 stations and more than 1,200
patients since secondary equity offering in April
- Repurchased 42 % of outstanding 12 % Senior Subordinated Discount
notes on July 22
- Third-largest dialysis provider now serves approximately 9,000
patients, 120 centers with 1,759 stations
First Quarter 1996
- Net revenues up 97% to $50 million
- Net income per share increased to $0.19, up 171%
- 36 centers acquired, including the Caremark acquisition in March
- Opened 3 de novo centers, including San Diego with Kaiser contract
- Raised $116 million from equity offering completed on April 3
- Increased bank credit facility to $100 million (currently unused)
October 31, 1996 Press Release
TOTAL RENAL CARE PRICES EQUITY OFFERING
- TRC announced it has priced a public offering of 2,500,000 shares
at $39 per share. 2,000,000 shares were sold by selling stockholders
and 500,000 shares were sold by the Company. Donaldson, Lufkin
& Jenrette Securities Corporation is the lead underwriter of the
offering with Merrill Lynch & Co. and UBS Securities LLC acting
as co-managers.
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