Business Services Industry
Aberdeen successor to go public. (Aberdeen Group; NCS Healthcare Inc.)
Crain's Cleveland Business, January, 1996 by Shingler, Dan
The successor company to Jon Outcalt's Aberdeen Group is preparing to go public via an initial stock offering that could put the value of Mr. Outcalt's holdings at more than $50 million. NCS HealthCare Inc., which provides pharmacy services to more than 600 long-term health care institutions, would reap $41 million in the offering, according to a prospectus issued last Wednesday, Jan.
24. Mr. Outcalt is chairman of NCS and is its largest stockholder. The Aberdeen Group investment fund that Mr. Outcalt has run since 1986 already has changed its name to NCS. Aberdeen has made 12 acquisitions and has grown into one of the country's largest chains of institutional pharmacies not owned by a provider of long-term health care. NCS expects to complete the initial offering...
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