[DESCRIPTION] 10-K AMMENDMENT #1
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
ANNUAL FORM 10-K AMMENDMENT #1
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1995
Commission File Number 0-7667
NURSECARE HEALTH CENTERS, INC.
A PENNSYLVANIA CORPORATION
I.R.S. EMP. I.D. # 23-1712311
THREE STATION SQUARE
PAOLI, PENNSYLVANIA 19301
Registrant's telephone number: Area Code (610) 644-4051
SECURITIES REGISTERED PURSUANT TO SECTION 12 (g) OF TH ACT:
Common Stock, $ .10 Par Value Per Share - Class A
Registrant has filed all reports required to be filed by
Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months.
Yes____X____ No_________
Registrant has been subject to such filing requirements for
the past 90 days.
Yes____X____ No_________
As of December 31, 1995, the Issuer had outstanding one class of
stock totaling 536,571 shares. The Aggregate Market Value of the
shares held by Non-Affiliated Holders (180,636) is approximately
$92,124.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of th Securities
Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned therefore duly authorized.
NURSECARE HEALTH CENTERS, INC.
Dated: May 30, 1996 James F. Hubbert
President and Chairman of the Board
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following person on behalf
of the registrant and in the capacities and on the dates indicated.
Dated: May 30, 1996 James F. Hubbert
President and Chairman of the Board
(Principal Executive Officer)
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<ARTICLE> 5
<CIK> 0000073354
<NAME> NURSECARE HEALTH CENTERS, INC.
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<CASH> 229,751
<SECURITIES> 1,642,097
<RECEIVABLES> 161,089
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 396,016
<PP&E> 131,144
<DEPRECIATION> 127,373
<TOTAL-ASSETS> 2,338,504
<CURRENT-LIABILITIES> 867,379
<BONDS> 0
<COMMON> 55,325
0
0
<OTHER-SE> 1,426,621
<TOTAL-LIABILITY-AND-EQUITY> 2,338,504
<SALES> 0
<TOTAL-REVENUES> 63,606
<CGS> 0
<TOTAL-COSTS> 494,546
<OTHER-EXPENSES> 5,148
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (323,830)
<INCOME-TAX> 0
<INCOME-CONTINUING> (323,830)
<DISCONTINUED> 452,438
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 128,608
<EPS-PRIMARY> .24
<EPS-DILUTED> 0
