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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
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): MARCH 16, 2000
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CONCENTRA OPERATING CORPORATION
(Exact name of Registrant as specified in its charter)
Nevada 001-15699 75-282260
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of incorporation) Identification Number)
5080 Spectrum Drive
Suite 400 - West Tower 75001
Addison, Texas (Zip code)
(Address of principal
executive offices)
Registrant's telephone number, including area code: (972) 364-8000
312 Union Wharf
Boston, Massachusetts 02109
(former address if changed since last report)
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Item 5. Other Events
See the press release attached hereto as Exhibit 99.1 dated March 16, 2000
announcing Concentra Operating Corporation's closing of its exchange offer for
$190,000,000 13% Series A Senior Subordinated Notes due 2009 and its acceptance
of $175,000,000 in principal amount of notes tendered for exchange.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release of the Registrant dated March 16, 2000
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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 thereunto duly authorized.
CONCENTRA OPERATING CORPORATION
(Registrant)
By: /s/ Richard A. Parr II
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Name: Richard A. Parr II
Title: Executive Vice President, General Counsel &
Secretary
Date: March 20, 2000
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INDEX TO EXHIBITS
EXHIBIT
NUMBER
99.1 Press Release of Registrant dated March 16, 2000
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EXHIBIT 99.1
Contacts: Daniel J. Thomas Thomas E. Kiraly
President and Executive Vice President and
Chief Executive Officer Chief Financial Officer
(617) 367-2163 (617) 619-5101
CONCENTRA OPERATING CORPORATION
CLOSES EXCHANGE OFFER FOR $190,000,000
13% SERIES A SENIOR SUBORDINATED NOTES DUE 2009
BOSTON, Mass. (March 16, 2000) - Concentra Operating Corporation
("Concentra") today announced that it has closed its offer to exchange the
outstanding, unregistered 13% senior subordinated notes of Concentra for new,
substantially identical 13% senior subordinated notes that will be free of the
transfer restrictions that apply to the old notes. Concentra accepted
$175,000,000 in principal amount of old notes tendered for exchange.
Concentra Operating Corporation is the successor to and a wholly owned
subsidiary of Concentra Managed Care, Inc. Concentra is the leading provider
and comprehensive outsource solution for cost containment and fully integrated
care management in the occupational, auto, and group healthcare markets.
Concentra offers prospective and retrospective services to employers and
insurers of all sizes, providing pre-employment testing, loss prevention
services, first report of loss, injury care, specialist networks and specialized
cost containment to the disability and automobile injury markets. Currently,
the Company operates the nation's largest network of occupational healthcare
facilities, with 210 centers located in 63 markets in 32 states. The Company has
approximately 1,050 field case managers who provide medical management and
return to work services in 49 states, the District of Columbia, and Canada. The
Company also has 86 service locations that provide specialized cost containment
services including utilization management, telephonic case management, first
notice of loss reporting, and retrospective bill review.
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