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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): APRIL 17, 1996
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COMPREHENSIVE CARE CORPORATION
(Exact name of registrant as specified in Charter)
DELAWARE 0-5751 95-2594724
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
350 WEST BAY STREET, COSTA MESA, CALIFORNIA 92627
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(Address of principal executive offices) (zip code)
(714) 222-2273
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
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The Company announced on April 17, 1996 that it had amicably terminated merger
discussions relating to the acquisition of Mustard Seed Incorporated.
The Company had previously announced on February 7, 1996 it had entered into a
letter of intent to acquire Mustard Seed Incorporated.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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EXHIBITS.
EXHIBIT NO. DESCRIPTION
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99.8 Press Release dated April 17, 1996.
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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.
COMPREHENSIVE CARE CORPORATION
(Registrant)
By: /s/ Kerri Ruppert
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Kerri Ruppert, Senior Vice
President and Chief
Accounting Officer (Principal
Accounting Officer)
Dated: April 17, 1996
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EXHIBIT 99.8
COMPREHENSIVE CARE CORPORATION
ANNOUNCES NEGOTIATION TERMINATION
COSTA MESA, CALIFORNIA, (April 17, 1996), (NYSE: CMP): Comprehensive
Care Corporation ("CompCare") and Mustard Seed Incorporated have jointly
announced that the merger discussions relating to the acquisition of Mustard
Seed by CompCare have been amicably terminated. Commenting, Chriss W. Street,
Chairman of Comprehensive Care Corporation stated, "our current obligation to
expeditiously proceed with a proposed exchange offer with our Debenture holders
has posed time and logistical constraints which would have caused a delay in
completing both transactions in a timely manner".
Frank Selgrath, Chairman of Mustard Seed, stated "Mustard Seed
continues to value CompCare as a potential business partner and would look
forward in joining with CompCare in mutually advantageous projects in the
future". Both companies emphasize their mutual respect and the amicable basis
on which merger discussions were terminated.
Comprehensive Care Corporation provides disease state management,
cost-effective health care management services for "disease states" on a
contractual or at-risk ("managed care") basis, throughout the United States and
Puerto Rico.
