UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
June 7, 1996
(Date of earliest event reported)
Help at Home, Inc.
(Exact name of registrant as specified in its charter)
Delaware 33-97034 36-4033986
(State or other jurisdiction Commission File Number (IRS Employer Identi-
of incorporation) fication Number)
223 West Jackson, Suite 500
Chicago, IL 60606
(Address of principal executive offices) (Zip Code)
(312)663-4244
(Registrant s telephone number, including area code)
Acquisition of Assets
(Item 2)
On June 7, 1996 Help at Home, Inc. ( HAH ) acquired all of
the outstanding capital stock of HASC Staffing Systems, Inc. ( HASC ),
Homemakers of Montgomery, Inc. ( Homemakers ) and Statewide Healthcare
Services, Inc. ( Statewide ), collectively doing business as Oxford
Healthcare ( Oxford ). Located in Jackson, MS; Montgomery, AL; and
Anniston, AL; Oxford provides custodial services and skilled health
care interventions to its clients in their residences. The acquisition
was retroactively effective as of May 31, 1996. Total consideration
paid by HAH for the acquired entities was $2,150,000 allocated among the
entities as follows: HASC, $50,000; Homemakers, $630,000; and Statewide,
$1,470,000. Consideration was paid in the form of cash ($1,825,000 at
closing) and a note for $325,000 payable in January, 1997. Predicated
on similar transactions among home health care providers, total considera-
tion paid by HAH was determined pursuant to a per visit payment for annual
Medicare visits together with a multiple of adjusted, non-Medicare, pre-tax
earnings. Funds used to acquire the capital stock of the Oxford entities
were drawn from the proceeds of HAH's December, 1995 initial public offering
of its capital stock.
<PAGE>
The shares of capital stock in the Oxford entities were acquired
from Patrick F. Yarborough, an individual residing in Jackson, MS, The
Matthew Tyler Yarborough Irrevocable Trust and the Amanda Harkins
Yarborough Irrevocable Trust ( Sellers ). There is no relationship
between Help at Home, Inc.; its affiliates, employees, officers,
directors or agents or their associates; and the Sellers.
Financial Statements
(Item 7)
Financial statements depicting the results of Oxford Healthcare
through May 31, 1996 are being finalized and audited at the time of this
filing. Audited financial results for the year ended December 31, 1995
together with results of operations for the five months ended May 31,
1996 will be filed within 60 days, or no later than August 26, 1996.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned duly authorized.
Help at Home, Inc.
(Registrant)
Date: June 25, 1996 \Louis Goldstein, Chairman and CEO
