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: January 29, 1999
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 January 26, 1999, the text of which is attached hereto as
Exhibit 99.1, for a description of the events reported pursuant to this
Form 8-K.
<PAGE>
INDEX TO EXHIBITS
Exhibit Description
99.1 Text of press release dated January 26, 1999
Exhibit 99.1
Lewiston, Maine - January 26,1999, Acadia National Health Systems, Inc. has
announced the signing of a binding letter of intent to acquire Vision
Healthsource of Vienna, Virginia, and Madras, India. Vision Healthsource,
supplies technology and systems consulting, as well as medical business
support services to medical service organizations and medical billing
companies throughout the United States.
"As we continue to build our national and international structure, Vision
Healthsource compliments our operational platform and adds a important piece
to our long-term strategic business plan," said Paul Chute, Chairman and Chief
Executive Officer of Acadia.
According to Chute, "Our business philosophy and goals are very well matched.
Acadia and Vision Healthsource demand superior product quality, unquestionable
integrity in our respective business relationships and added value throughout
our complete line of business support services to the medical community. It's
a perfect fit for both companies."
Vision's President, Anurag Jain, and Pretap Velagapudi, Chief Operating
Officer, have established extensive contacts throughout the medical community
worldwide. " Our objective from when we first started our company has been to
look for ways to add value to the products and services we provide to our
clients," said Jain. "We believe that we will continue to set the industry
standards for performance, and provide Acadia's clients with unparalleled
products and services by utilizing the advantages of the Internet and the
cutting-edge technologies available."
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Acadia National Health Systems, Inc., with headquarters located in Lewiston,
Maine, offers billing, consulting, software and business systems to
physicians, hospitals and health care providers.
For further information contact:
John W. Holt Jr.
Investor Relations
95 Park Street
Lewiston, ME 04240
Tel: (207) 777-3424 ext. 417
Fax: (207) 784-7743
Email: [email protected]
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: January 29, 1999 By: PAUL W. CHUTE
Name: Paul W. Chute
Title: Chief Executive Officer
