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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) - July 21, 1999
MEDICAL MANAGER CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-29090 59-3396629
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(State or Other Jurisdiction (Commission (IRS Employer of
of Incorporation) File Number) Identification No.)
3001 North Rocky Point Drive East, Suite 400, Tampa, Florida 33607
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(Address of Principal Executive Offices) (Zip Code)
(Registrant's Telephone Number, Including Area Code) (813) 287-2990
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Not Applicable
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(Former Name or Former Address; if Changed Since Last Report)
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Item 5. Other Events.
A copy of the joint press release issued by Synetic and Medical Manager on
July 20, 1999 is attached hereto as Exhibit 99.1 and is hereby incorporated by
reference in its entirety.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
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99.1 Press Release
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SIGNATURE
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.
MEDICAL MANAGER CORPORATION
July 21, 1999 By: /s/ Franklyn M. Krieger
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Franklyn M. Krieger
Secretary and
Associate General Counsel
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EXHIBIT 99.1
SYNETIC, INC. MEDICAL
MANAGER
CORPORATION
FOR IMMEDIATE RELEASE
CONTACT: James R. Love Lee Robbins
Synetic, Inc. Medical Manager Corporation
Executive Vice President Chief Financial Officer
and Chief Financial Officer (813) 287-2990
(201) 703-3400
SYNETIC AND MEDICAL MANAGER SET
EXCHANGE RATIO FOR MERGER
ELMWOOD PARK, NJ and TAMPA, FL, July 20, 1999 -- In connection with
previously announced merger between Synetic, Inc. (NASDAQ:SNTC) and Medical
Manager Corporation (NASDAQ:MMGR), the companies announced today that the
exchange ratio has been set at .625 based on the average closing price of
Synetic common stock during the period from and including July 7, 1999 to and
including July 20, 1999. Accordingly, on the effective date of the merger, each
share of Medical Manager common stock will be converted into the right to
receive .625 shares of Synetic common stock.
On July 23, 1999, Synetic and Medical Manager will each hold a special
meeting of stockholders to vote upon the issuance of shares of common stock of
Synetic in connection with the merger and the merger agreement, respectively.
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