CHICAGO, Oct. 7 /PRNewswire/ -- EVEREN Securities, Inc. announced today
that the firm's healthcare group served as underwriter or advisor in nine
transactions totaling approximately $350 million during the first nine months
of 1998, the group's second year of existence. The transactions included
three initial public offerings, two private placements and four mergers and
acquisitions. Most recently, EVEREN's healthcare group served as financial
advisor to Autonomous Technologies Corp. (Nasdaq: ATCI) in its announced
merger with Summit Technology, Inc. (Nasdaq: BEAM).
"EVEREN's healthcare group is gaining increasing recognition in the
marketplace for its proven ability to help clients raise capital and find
strategic partners," said Kathryn B. Hyer, managing director of EVEREN's
healthcare group. "We are continuing to build on this reputation, with
particular emphasis on financial advice related to creative financing
arrangements and mergers and acquisitions."
EVEREN's healthcare group focuses on the following sectors:
pharmaceutical, including large-cap pharmaceuticals, emerging pharmaceuticals,
drug delivery and nutraceutical companies; medical technology, particularly
medical device, biotechnology and genomic-related businesses; and healthcare
services, primarily physician and dental practice management groups and
disease management companies.
The group provides a full range of financial services, including
underwriting public offerings, arranging private placements, financing mergers
and acquisitions, strategic counsel and advisory services to public and
privately held corporate clients.
EVEREN's capital markets division serves the market needs of corporations
and governments as well as the interests of investors through a range of
activities, including investment banking, trading, institutional sales and
research of equity, taxable fixed-income and municipal securities. The firm
focuses on growing companies in selected industries, including:
consumer/retail, energy, financial services, industrial/capital goods, real
estate, technology and telecommunications.
EVEREN Securities, Inc., a subsidiary of EVEREN Capital Corporation
(NYSE: EVR), ranks among the 10 largest national full-service brokerage firms
in the U.S. EVEREN serves individual, corporate, municipal and institutional
clients through an integrated network of approximately 1,700 investment
consultants in 170 offices. The firm combines the capital markets resources
of a large national organization with the personalized service and dedication
of a smaller firm. Currently, EVEREN holds approximately $60 billion of
client assets in more than 600,000 active client accounts. EVEREN Securities
is a member of the Securities Investor Protection Corporation, the New York
Stock Exchange and other principal exchanges. For more information, visit the
firm's web site at http://www.everensec.com.
SOURCE EVEREN Securities, Inc.
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http://www.everensec.com
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http://www.prnewswire.com/comp/121760.html or fax,
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CONTACT:
Wilson Medina, 312-574-5152, or Edgar P.
McDougal, 312-574-5791, both of EVEREN Securities
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