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
Date of Report (Date of earliest event reported) May 1, 1998
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METROPOLITAN HEALTH NETWORKS, INC.
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(Exact name of registrant as specified in its charter)
Florida 0-28456 65-0635748
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(State or other jurisdiction (Commission File (IRS Employer
or incorporation) Number) Identification No.)
5100 Town Center Circle, Boca Raton, Florida 33486
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(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (561) 416-9484
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On March 9, 1998, Metropolitan Health Networks, Inc. (the "Registrant"
or the "Company") reported the merger between the Registrant, Metcare, VI, Inc.
("Metcare"), a wholly owned subsidiary of the Company (Subsidiary) and Trident
Medical Concepts, Inc. ("Trident").
The Merger Agreement provided, among other things, that the Company
shall have the absolute right to cause the Merger to be unwound solely upon the
occurrence of the failure to obtain Trident's Lender's Consent to the Merger
Agreement, as amended, or to replace Lender by May 1, 1998. The Company was
unable to obtain the Lender's Consent or to replace the Lender in the time
specified by the merger agreement and therefore has elected to unwind the
merger.
Noel Guillama will reassume the position of Chairman of the board of
directors of the Company.
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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.
METROPOLITAN HEALTH NETWORKS, INC.
By: /s/ Noel J. Guillama
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Noel J. Guillama
President and
Chief Executive Officer
Dated: May 8, 1998
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