HBO & CO
8-K, 1996-09-23
COMPUTER INTEGRATED SYSTEMS DESIGN
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<PAGE>

                       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

                               SEPTEMBER 23, 1996
                                 Date of Report
                              (SEPTEMBER 20, 1996)
                        (Date of earliest event reported)


                                  HBO & COMPANY
             (Exact name of registrant as specified in its charter)

                                    DELAWARE
                 (State or other jurisdiction of incorporation)


          0-9900                                       37-0986839
- ------------------------                     ---------------------------------
(Commission File Number)                     (IRS Employer Identification No.)

        301 PERIMETER CENTER NORTH
               ATLANTA, GA                                30346
- ----------------------------------------               ----------
(Address of principal executive offices)               (Zip Code)

                                 (770) 393-6000
               --------------------------------------------------
               Registrant's telephone number, including area code








                          Exhibit Index on page 2 of 4


                                   Page 1 of 4
<PAGE>

ITEM 5:   OTHER EVENTS

     On September 19, 1996, the Company (HBOC) announced it had completed the
previously announced acquisition of Management Software, Inc. (MSI), a privately
held provider of software solutions for the homecare industry.  MSI shareholders
received approximately 890,000 shares of HBOC stock in the transaction.  The
acquisition will be accounted for as a pooling of interests, and HBOC will take
a one-time charge for acquisition-related expenses in the third quarter of 1996.


ITEM 7:   FINANCIAL STATEMENTS AND EXHIBITS

          (c)  Exhibits.


               EXHIBIT NO.              DESCRIPTION                        PAGE
               -----------              -----------                        ----

                    99        HBO & Company News Release dated               4
                              September 19, 1996


                                   Page 2 of 4
<PAGE>

                                   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.


                                        HBO & COMPANY
                                        (Registrant)

Date: September 23, 1996

                                        /s/ Jay P. Gilbertson
                                        -----------------------------------
                                        Jay P. Gilbertson
                                        Senior Vice President - Finance,
                                        Chief Financial Officer,
                                        Principal Accounting Officer,
                                        Treasurer and Assistant Secretary


                                   Page 3 of 4


<PAGE>


                                                          EXHIBIT 99


NEWS RELEASE

CONTACT:  ANNE DAVENPORT           301 PERIMETER CENTER NORTH
          INVESTOR RELATIONS       ATLANTA, GA  30346
          (770) 668-5968



            HBOC COMPLETES ACQUISITION OF MANAGEMENT SOFTWARE, INC.


     ATLANTA, September 19, 1996 -- HBO & Company (Nasdaq:HBOC) today announced
it has completed the previously announced acquisition of Management Software,
Inc. (MSI), a privately held provider of software solutions for the homecare
industry.
     MSI shareholders received approximately 890,000 shares of HBOC stock in the
transaction.  The acquisition will be accounted for as a pooling of interests,
and HBOC will take a one-time charge for acquisition-related expenses.
     Management Software, Inc., based in Springfield, Mo., had 1995 revenue of
$15 million and has more than 200 employees.  With approximately 600 home health
customers, the company is the market leader in the homecare information market.
Customers include the Lutheran Health System in Fargo, N.D., Healthspan Health
System in Minneapolis, Minn., and approximately 40 of the Columbia/HCA
hospitals.
     "With the addition of MSI's experience and large customer base, HBOC is
well positioned to be the leader in the homecare market," said Charles W.
McCall, HBOC president and chief executive officer.  "This acquisition also
benefits our existing customer base by enabling us to provide an even broader
range of products."
     HBO & Company delivers enterprisewide patient care, clinical, financial and
strategic management software solutions, as well as networking technologies,
electronic data interchange, outsourcing and other services to healthcare
organizations in the United States, Ireland, United Kingdom, Canada and New
Zealand.
                                        ###


                                   Page 4 of 4




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