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 NUMBER: 333-1926
DOCTORS HEALTH SYSTEM, INC.
(Exact name of registrant as specified in its charter)
MARYLAND 52-1907421
(State or other jurisdiction of incorporation or (I.R.S. Employer
organization) Identification No.)
10451 MILL RUN CIRCLE
10TH FLOOR
OWINGS MILLS, MARYLAND
21117
(Address of principal executive offices)
(Zip Code)
(410) 654-5800
(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 March 13, 1997 810,000 shares of the registrant's Class A Common
stock and 2,623,100 shares of the Registrant's Class B Common Stock were
outstanding.
<PAGE>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
(10.1) Note Purchase Agreement dated January 31, 1997 among Doctors Health
System, Inc., Genesis Health Ventures, Inc. and Genesis Holdings.*
(10.2) Convertible Subordinated 11% Note dated January 31, 1997 and issued
by Doctors Health System.*
(10.3) Amended and Restated Option Agreement by and between Doctors Health
System, Inc. and Genesis Health Ventures, Inc., dated January 31, 1997.*
(10.4) Articles of Amendment and Restatement dated January 31, 1997.*
(10.5) Letter Agreement dated February 1, 1997 for Scott Rifkin, M.D. to
Doctors Health System, Inc.*
(27) Financial Data Schedule (filed herewith).
(b) Reports on Form 8K
None
* Previously filed
12
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
DOCTORS HEALTH SYSTEM, INC.
By: /s/ John R. Dwyer
_______________________
John R. Dwyer
Chief Financial Officer
13
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<ARTICLE> 5
<CIK> 0001010005
<NAME> Doctors Health System, Inc. 10-Q/A Amendment #1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<CASH> 2,883,049
<SECURITIES> 0
<RECEIVABLES> 4,119,054
<ALLOWANCES> 440,000
<INVENTORY> 0
<CURRENT-ASSETS> 8,113,337
<PP&E> 3,693,262
<DEPRECIATION> 605,433
<TOTAL-ASSETS> 17,922,432
<CURRENT-LIABILITIES> 11,376,313
<BONDS> 0
15,951,816
0
<COMMON> 33,520
<OTHER-SE> (12,162,963)
<TOTAL-LIABILITY-AND-EQUITY> 17,922,432
<SALES> 8,387,527
<TOTAL-REVENUES> 8,525,332
<CGS> 0
<TOTAL-COSTS> 8,545,658
<OTHER-EXPENSES> 6,367,547
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 306,944
<INCOME-PRETAX> (6,694,817)
<INCOME-TAX> 0
<INCOME-CONTINUING> (6,694,817)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (6,694,817)
<EPS-PRIMARY> (2.22)
<EPS-DILUTED> (2.22)
</TABLE>
