SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 12 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 15, 1999
METROPOLITAN HEALTH NETWORKS, INC.
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(Exact name of registrant as specified in its charter)
Florida 333-5884-A 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 Princiap 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 5. Other Events
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Metropolitan Health Networks, Inc. announced on June 29, 1999 that it
had closed a new receivable security credit facility with Healthcare Capital
Resources of New York, NY. The terms of the credit facility allow the Company to
have initially up to $2,000,000 with the opportunity, under certain conditions,
to increase the facility to a maximum principal amount of $5,000,000 on current
and future receivable during the three (3)year facility. The actual terms of the
financing were not disclosed by the Company. This new facitlity replaces two
matured facilities that had been paid down by approximately $1,500,000 over the
last twelve (12) months. With the first phase of refinancing complete, Company
management expects to focus once again on it's expanding operations in South
Florida.
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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, Chief Executive Officer
Dated: July 15, 1999
