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UNITED STATES
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
July 10, 1995
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(July 10, 1995)
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Date of Report
(Date of earliest event reported)
HBO & COMPANY
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
0-9900 37-0986839
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(Commission File Number) (IRS Employer Identification No.)
301 PERIMETER CENTER NORTH
ATLANTA, GA 30346
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(Address of principal executive offices) (Zip Code)
(404) 393-6000
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Registrant's telephone number, including area code
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ITEM 5. OTHER EVENTS
The Company announced on July 10, 1995, that it has acquired Pegasus Medical,
LTD, a privately held Israeli software company that markets a computer-based
patient record known as The Smart Medical Record.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Press release dated July 10, 1995, announcing the acquisition.
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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.
HBO & COMPANY
(Registrant)
Date: July 10, 1995
/s/ Timothy S. Heyerdahl
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Timothy S. Heyerdahl
Vice President - Controller and
Chief Accounting Officer
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Exhibit 99
NEWS RELEASE
CONTACT: MONIKA BROWN 301 PERIMETER CENTER NORTH
INVESTOR RELATIONS ATLANTA, GA 30346
(404) 668-5926
HBOC COMPLETES ACQUISITION OF PEGASUS MEDICAL, LTD
ATLANTA, July 10, 1995 -- HBO & Company today announced it has completed
the acquisition of Pegasus Medical, LTD, a privately held Israeli software
company with offices in Jerusalem and Boston. Pegasus was formed in 1992 by
two physicians to develop and market a computer-based patient record known as
The Smart Medical Record (SMR-TM-), a pen-based system designed for the
physician's office and across the continuum of care. The transaction was
accounted for as a purchase.
"The majority of physicians in the United States use paper charts to
document a patient's clinical information," stated Charles W. McCall, HBOC
President and Chief Executive Officer. "HBOC sees a tremendous opportunity for
computerized patient records in physician offices, not only for ease of access
and storage but also to evaluate outcomes and the cost of providing services.
Staffed heavily by physicians, Pegasus brings to HBOC the medical know-how
and creativity required to develop a computerized patient record that physicians
will embrace, stated founder Isaac Bentwich, M.D., who will continue to lead
development efforts. "HBOC brings a larger vision as well as the technology and
infrastructure to make our efforts a success," he said. "Together, I believe we
can build the best computer-based patient record in the world."
HBOC delivers enterprisewide patient care, clinical, financial and
strategic management software solutions, as well as networking technologies,
outsourcing and other services to healthcare organizations in the United States,
United Kingdom, Canada, Australia and New Zealand.
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