WENDT BRISTOL HEALTH SERVICES CORP
8-K, 1999-02-03
SKILLED NURSING CARE FACILITIES
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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):    January 27, 1999
                                                     ----------------


                  THE WENDT-BRISTOL HEALTH SERVICES CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)



        Delaware                        0-11656                  22-1807533
- --------------------------------------------------------------------------------
(State or other jurisdiction     (Commission File Number)       (I.R.S. EIN)
   of incorporation)



Two Nationwide Plaza, Suite 760, Columbus, Ohio                        43215
- --------------------------------------------------------------------------------
(Address of principal executive offices)                             (Zip Code)


Registrant's telephone number, including area code:  (614) 221-6000
                                                   ----------------


                                    NO CHANGE
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

<PAGE>   2

Item 5.  Other Events.
- -------  -------------

         On January 27, 1999, the Company issued a Press Release, a copy of
         which is attached as Exhibit 1, announcing that it has changed its use
         of the "Consolidation Method" of accounting related to its interest as
         sole general partner of Wendt-Bristol Diagnostics Company L.P. and will
         now reflect the investment utilizing the "Equity Method" of accounting.


                                    SIGNATURE
                                    ---------

         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.

                                            THE WENDT-BRISTOL HEALTH
                                            SERVICES CORPORATION


Dated:  February 3, 1999                    By:/s/ SHELDON A. GOLD
                                               --------------------------
                                               Sheldon A. Gold, President

<PAGE>   3
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   ----------

                                    FORM 8-K

                                 CURRENT REPORT

                                   ----------

                            THE WENDT-BRISTOL HEALTH
                              SERVICES CORPORATION


                                   ----------

                                    EXHIBITS

                                   ----------

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                                  EXHIBIT INDEX
                                  -------------

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

     1              Press Release                            5


                                        4


<PAGE>   1
                                                                       EXHIBIT 1

                 WENDT-BRISTOL ANNOUNCES CHANGE TO EQUITY METHOD

Columbus, Ohio, January 27, 1999 ... The Wendt-Bristol Health Services
Corporation (American Stock Exchange "WMD") today reported that as a result of a
review of its previously filed Registration Statements (Forms S-1 and S-4), the
Company has changed its use of the "consolidation method" of accounting related
to its interests as sole General Partner of Wendt-Bristol Diagnostics Co. L.P.
and will now reflect the investment utilizing the "equity method" of accounting.
Such method will not have any effect on the Company's reported net earnings or
stockholders' equity. The "equity method" will however change the individual
components of the Consolidated Balance Sheets, Consolidated Statements of
Operations and related financial information.

Sheldon A. Gold, President stated that the Company is preparing amended
Registration Statements and proceeding with its announced plans to acquire all
of the limited partner interests in Wendt-Bristol Diagnostics Co. L.P. (NASDAQ
Non-OTC: "YYNEA"), its 10 year old, initial Diagnostic and Radiology Center
located on Kenny Road, Columbus, Ohio as well as the approximate 15% of the
outstanding shares that it doesn't already own in the partnership's sole general
partner: Wendt-Bristol Diagnostics Company ("NASDAQ: WBRD").

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