UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File No. 33-80987
Merit Behavioral Care Corporation
(Exact name of registrant as specified in its charter)
Delaware 22-3236927
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
One Maynard Drive
Park Ridge, New Jersey 07656
(Address of principal executive offices)
(201) 391-8700
(Registrant's telephone number,
including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes..X... No.......
As of January 31, 1997, 28,477,800 shares of the registrant's common stock, par
value $.01 per share, which is the only class of common stock of the registrant,
were outstanding.
<PAGE>
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 thereunto duly authorized.
The signatory hereby acknowledges and adopts the typed form of his name in the
electronic filing of this document with the Securities and Exchange Commission.
Date: April 08, 1997 Merit Behavioral Care Corporation
By: /s/ Arthur H. Halper
___________________________________
Arthur H. Halper, Executive Vice President
and Chief Financial Officer
(Principal Financial Officer,
Accounting Officer and
Duly Authorized Officer)
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE CONDENSED CONSOLIDATED BALANCE SHEETS AND THE CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS ON PAGES 3 THROUGH 4 OF THE
COMPANY'S FORM 10-Q FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS
</LEGEND>
<CIK> 0001005530
<NAME> MERIT BEHAVIORAL CARE CORPORATION
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1996
<PERIOD-END> DEC-31-1996
<CASH> 40,731
<SECURITIES> 0
<RECEIVABLES> 36,922
<ALLOWANCES> 2,047
<INVENTORY> 0
<CURRENT-ASSETS> 81,719
<PP&E> 94,182
<DEPRECIATION> 24,191
<TOTAL-ASSETS> 342,288
<CURRENT-LIABILITIES> 84,137
<BONDS> 258,000
0
0
<COMMON> 285
<OTHER-SE> (27,885)
<TOTAL-LIABILITY-AND-EQUITY> 342,288
<SALES> 0
<TOTAL-REVENUES> 128,625
<CGS> 0
<TOTAL-COSTS> 102,932
<OTHER-EXPENSES> 6,799
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 6,186
<INCOME-PRETAX> (3,091)
<INCOME-TAX> (219)
<INCOME-CONTINUING> (2,872)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,872)
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
