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) June 19, 1997
SANDATA, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-14401 11-2841799
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
26 Harbor Park Drive, Port Washington, N.Y. 11050
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (516) 484-9060
__________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
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.
SANDATA, INC.
(Registrant)
Date: June 19, 1997 By: /s/ Bert E. Brodsky
Bert E. Brodsky
Chairman of the Board,
President, Chief Executive
Officer and Chief Financial
Officer
Item 5. Other Events.
See Exhibit 99, Press Release dated June 19, 1997.
Item 7. Exhibits.
Exhibit 99 - Press Release dated June 19, 1997.
EXHIBIT 99
SUMMARY:
Sandata, Inc. (NASDAQ:SAND) and affiliated prescription benefit manager,
National Medical Health Card Systems, Inc., commence negotiations for
business combination.
COMPANY CONTACT:
Bert E. Brodsky, Chairman of the Board Of Directors of Sandata, Inc.
(516)484-4400, ext. 200
FOR IMMEDIATE RELEASE:
PORT WASHINGTON, NEW YORK, June 19, 1997... Sandata, Inc. (NASDAQ:SAND)
("Sandata") and National Medical Health Card Systems, Inc. ("Health Card")
today announced that they have commenced negotiations for a business
combination. Certain affiliates of Bert Brodsky, Chairman of the Board and a
principal stockholder of Sandata, are principal stockholders of Health Card.
Health Card is a prescription benefit manager (PBM) and also performs
prospective, concurrent, and retrospective drug utilization reviews to help
its clients deliver high quality prescription benefits while containing
costs. Health Card has been managing prescription drug programs for HMO's,
employers, local governments, union groups, and third party administrators
since 1981. Health Card works directly with its clients to provide effective
quality prescription benefit programs at a reduced cost. Health Card has
over 42,000 pharmacies throughout the United States participating in its
network. During its fiscal year ended June 30, 1996, Health Card added
120,000 covered lives, and since 1995, it has expanded its client base by
18%. Health Card's corporate offices are located in Port Washington, New
York, with regional sales offices currently located in Michigan, Florida,
Massachusetts and Pennsylvania. During its fiscal year ended June 30, 1996,
Health Card's pre-tax earnings were $1,039,000 on $57,000,000 in revenues.
Mr. Brodsky said, "Sandata has been hoping for some time to acquire firms in
a complimentary industry" and added that "acquiring a PBM is a natural next
step for Sandata."
During its fiscal year ended May 31, 1996, Sandata derived $1,970,000 in
revenues from data processing and programming services provided to Health
Card and from the rental of office space to Health Card. In addition, during
its fiscal year ended June 30, 1996, Health Card derived $38,000 in revenues
in connection with pharmacy prescription reimbursement services rendered to
Sandata.
Sandata is a major data processing provider for a range of industries,
including home health care providers that currently employ more than 70,000
home health aides and serve over 40,000 patients.
