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TriZetto Prices Public Offering
NEWPORT BEACH, Calif. – June 14, 2001 – The TriZetto(R) Group, Inc. (Nasdaq: TZIX) announced today that it has priced a public offering of 6,000,000 shares of its common stock at $9.25 per share before underwriting discounts. TriZetto is selling 5,520,000 of the shares, and certain existing stockholders of TriZetto are selling 480,000 of the shares.
Bear, Stearns & Co. Inc. and UBS Warburg LLC are serving as lead managers in the offering, and Salomon Smith Barney, Inc. is serving as co-manager. TriZetto and the selling stockholders have granted the underwriters a 30-day option to purchase up to 900,000 shares of common stock to cover over-allotments.
A registration statement relating to these securities has been filed with and has been declared effective by the Securities and Exchange Commission. A copy of the final prospectus related to the offering may be obtained by contacting Bear, Stearns & Co. Inc., at 245 Park Avenue, New York, New York 10167, (212) 272-2000.
This announcement is neither an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
About TriZetto
The TriZetto(R) Group, Inc., is a healthcare information technology and services company headquartered in Newport Beach, California. TriZetto can be reached at (949) 719-2200, www.trizetto.com.
This press release may contain forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include statements about future net revenues, profits, and financial results, the market for TriZetto's services, future service offerings, client and partner relationships, and TriZetto's operational capabilities. Actual results may differ materially from those stated in any forward-looking statements based on a number of factors, including the effectiveness of TriZetto's implementation of its business plan, the market's acceptance of TriZetto's services, risks associated with management of growth, reliance on third parties to supply key components of TriZetto's services, attraction and retention of employees, variability of quarterly operating results, competitive factors, risks associated with acquisitions, changes in demand for third party products or solutions, which form the basis of TriZetto's service offerings, and risks associated with rapidly changing technology, as well as the other risks identified in TriZetto's Form 10-K and other SEC filings.
CONTACTS:
TriZetto Investor Relations
Anna Marie Dunlap
949-719-2236
am.dunlap@trizetto.com
TriZetto Media Relations
Ihor Andruch
201-641-1911, ext. 50
iandruch@cpronline.com
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