SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: September 11, 1998
ACADIA NATIONAL HEALTH SYSTEMS, INC.
(Exact Name of Registrant as Specified in its Charter)
COLORADO
(State or Other Jurisdiction of Incorporation)
0-28976 010509781
(Commission File Number) (I.R.S. Employer Identification Number)
95 Park Street, Lewiston, Maine 04240
(Address of Principal Executive Offices) (Zip Code)
(207) 777-3423
(800) 274-9185
(Registrant's Telephone Number, Including Area Code)
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INFORMATION INCLUDED IN THIS REPORT
ITEMS 1 THROUGH 4, 6 THROUGH 9 NOT APPLICABLE.
ITEM 5. OTHER EVENTS.
(i) Reference is made to the press release issued to the public by the
Registrant on September 9, 1998, the text of which is attached
hereto as Exhibit 99.1, for a description of the events reported
pursuant to this Form 8-K.
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INDEX TO EXHIBITS
Exhibit Description
99.1 Text of press release dated September 9, 1998
<PAGE>
Exhibit 99.1
ACADIA NATIONAL HEALTH SYSTEMS, INC.
ACQUIRES NORTHEAST MEDICAL BUSINESS GROUP, INC.
Lewiston, Maine - September 8, l998 - Acadia National Health Systems, Inc.
(OTCBB:ACAD) announced the acquisition of Northeast Medical Business Group,
Inc., a medical billing and management services corporation located in
Keene, New Hampshire.
Paul W. Chute, Chairman and Chief Executive Officer of Acadia, is
exceptionally pleased with this acquisition and the resulting business
relationship. "Frank and Martha DeJohn, long-time owners, operators and
principle developers of Northeast, bring to Acadia a wealth of knowledge
about the complex medical services industry and a real personal dedication
to their clients. I am excited about Frank and Martha's long term
commitment to stay with Acadia and work towards our common goal of
providing an exceptional group of medical service products throughout the
Northeast."
Acadia National Health Systems, Inc. specializes in medical billing for
health care providers throughout Maine and New Hampshire. Northeast
Medical Business Group compliments this with clients in New Hampshire,
Vermont and Massachusetts. Both companies concentrate in providing
accounts receivable management, medical billing and practice management
consulting services in radiology, anesthesiology, surgery, emergency
services, family practice, internal medicine and behavioral health
medicine. Additional practice experience in urology, pulmonology,
pathology and rural health centers support Acadia's position of being a
full service medical services organization.
"Acadia's goal is to become a dominant medical services organization (MS0)
throughout New England and the Northeast", said Mr. Chute and he further
commented, "We continue to develop business relationships with
well-established companies dedicated to offering quality, competitive
services and strive to continue a local presence and personal relationship
with each medical provider we service."
CONTACT:
Acadia National Health Systems, Inc.
Paul W. Chute, Chief Executive Officer
207 777-3423
207 784-7743 (fax)
email: [email protected]
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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.
ACADIA NATIONAL HEALTH SYSTEMS, INC.
/s/ Paul W. Chute
DATE: September 11, 1998 By: PAUL W. CHUTE
Name: Paul W. Chute
Title: Chief Executive Officer
