APS Healthcare Withdraws IPO

October 14, 2002APS Healthcare Withdraws IPOAPS Healthcare Inc. withdrew its $46 million initial public offering (IPO) on October 3, 2002 due to "current market conditions," according to a letter to the Securities and Exchange Commission (SEC). APS filed a new S-1 registration form with the SEC on April 23, 2002 as a preliminary step to an IPO. APS had filed its first preliminary prospectus for an estimated $46 million offering with the SEC in January of 2001, but later delayed its IPO project in April 2001. It was going to create liquidity for our investors," Kenneth A. Kessler M . . .