<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) MARCH 11, 1997
UNISON HEALTHCARE CORPORATION
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
- --------------------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)
0-27374 86-0684011
- --------------------------------- ------------------------------------
(Commission File Number) (I.R.S. Employer Identification No.)
8800 NORTH GAINEY CENTER DRIVE, SUITE 245, SCOTTSDALE, ARIZONA 85258
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(602) 423-1954
- --------------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
<PAGE> 2
ITEM 5. OTHER EVENTS
On March 11, 1997, Unison HealthCare Corporation ("Unison") issued a press
release describing an anticipated restatement of its previously issued
financial results for the nine months ended September 30, 1996. The press
release is filed as Exhibit 99.1 to this Form 8-K.
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 hereunto duly authorized.
UNISON HEALTHCARE CORPORATION
March 11, 1997 By /s/ Jerry M. Walker
-------------------------------------
Jerry M. Walker
President and Chief Executive Officer
<PAGE> 3
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION OF EXHIBIT
- ----------- ----------------------------------------------------------
99.1 Unison HealthCare Corporation news release describing an
anticipated restatement of its previously issued financial
results for the nine months ended September 30, 1996.
<PAGE> 1
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact: Jerry M. Walker, President
(602) 607-4011
UNISON HEALTHCARE TO RESTATE FINANCIAL RESULTS
Scottsdale, Arizona (March 11, 1997) -- Unison HealthCare Corporation
(Nasdaq/NM:UNHC) today announced that it expects to restate its previously
issued results for the nine months ended September 30, 1996. The Company
estimates that the restatement will have a negative impact on year-to-date
results of approximately $5 to $6 million pre-tax, or $3 to $3.6 million after
tax. The Company plans to announce more detailed information within one week,
and at that time expects to conduct a conference call with members of the
investment community.
The Company expects that the announcement of financial results for the
year ended December 31, 1996, will be delayed. Although the Company will
request a 15-day extension for the filing of its annual report on Form 10-K, it
is possible that such an extension may not be sufficient.
Unison HealthCare Corporation is a provider of quality long-term and
specialty health care services. The Company provides a broad range of health
care services including nursing care, rehabilitation therapy, pharmacy and
other specialized services primarily to subacute patients.
###
The statements appearing above, which are not historical facts, are
forward-looking statements subject to risks and uncertainties that could cause
actual results to differ materially from the estimates set forth in the
forward-looking statements, including the necessary use of estimates in
financial statements in general and in those of health care companies in
particular, uncertainties in the application of accounting principles to the
underlying facts, judgments as to timing issues and other risks.
