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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Filed pursuant to Section 13 or 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
April 24, 1998 (April 24, 1998)
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Date of Report (Date of earliest event reported)
OLSTEN CORPORATION
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(Exact name of registrant as specified in charter)
Delaware
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(State or other jurisdiction of incorporation)
0-3532
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(Commission File Number)
13-2610512
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(IRS Employer Identification No.)
175 Broad Hollow Road
Melville, New York 11747-8905
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(Address of principal executive officers)
(516) 844-7800
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
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Registrant released the press release attached hereto as
Exhibit 99 on April 24, 1998.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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(c) Exhibits
Exhibit 99 -- Press release dated April 24, 1998.
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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.
OLSTEN CORPORATION
(REGISTRANT)
Date: April 24, 1998 By:/s/ Laurin L. Laderoute, Jr.
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Laurin L. Laderoute, Jr.
Vice President
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CONTACTS: David R. Fluhrer
Vice President-Communications
(516) 844-7590
[email protected]
www.olsten.com
Anthony J. Puglisi
Senior Vice President
and Chief Financial Officer
(516) 844-7110
FOR IMMEDIATE RELEASE
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Melville, NY, April 24, 1998 -- Olsten Corporation (NYSE:OLS) announced today
that it has received notification from the United States Attorney's Office for
the Southern District of Florida that Olsten Corporation, Olsten Health
Management and Olsten Health Services are targets of a federal grand jury
investigation into possible violations of federal criminal laws. Olsten believes
this investigation focuses upon its relationship with Columbia/HCA Healthcare
Corporation in connection with the purchase, sale and operation of certain home
health agencies which are now owned by Columbia/HCA and managed under contract
by Olsten Health Management.
As previously disclosed by Olsten, the United States Justice Department and
various other federal and state agencies have been conducting investigations
into allegations of health care fraud on the part of Olsten and other health
care providers. Olsten has been cooperating with those investigations.
Olsten Corporation is a world leader in staffing services and North
America's largest provider of home health care and related services. Primarily
through Olsten Staffing Services, the Company operates more than 900 staffing or
information technology offices in North America, South America and Europe,
providing assignment employees to business, industry and government, as well as
services for the design, development and maintenance of information systems.
Through its Olsten Health Services subsidiaries, the Company's approximately 500
health care offices in the United States and Canada provide health care Network
Services and caregivers for home health care and institutions, home infusion and
other therapies, and, through Olsten Health Management, provide management
services to hospital-based home health agencies.
