Offering’s Aftermath: Birtcher Medical Systems Inc., a...

Offering’s Aftermath: Birtcher Medical Systems Inc., a medical equipment manufacturer, announced Wednesday that it raised about $15 million after expenses in a public stock offering completed earlier this month. The Irvine company sold 1,675,000 shares at $10 each, with another 50,000 shares sold upon the exercise of warrants purchased by the offering’s underwriters from two shareholders. Birtcher plans to use the new capital for repayment of debt, working capital and general corporate purposes. The underwriting group was managed by Dean Witter Reynolds.