Newport Beach healthcare software company TriZetto Group Inc. said Tuesday it expects first-quarter results to come in at the top end of expectations.
The company also detailed plans to offer $200 million worth of convertible debt due in 2012 in a private offering. Word of the debt offering tempered investor reaction to the updated quarterly forecast.
TriZetto said it would use the offering’s proceeds to pay for convertible hedge and warrant deals that it expects to enter into concurrently with the offering.
For the first quarter, TriZetto said that it expects profits of $3.6 million to $5.4 million. Sales are seen coming in at $100 million to $110 million.
TriZetto is set to report results April 30.
