<PAGE> 1
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
COMMISSION FILE NUMBER 0-21910
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [x] Form 10-Q
For Period Ended: December 31, 1998
Nothing in this Form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
PART I- REGISTRANT INFORMATION
- --------------------------------------------------------------------------------
Full Name of Registrant: CONTINUCARE CORPORATION
----------------------------
Former Name if Applicable: ZANART ENTERTAINMENT INCORPORATED
---------------------------------
Address of Principal Executive Office (Street Number): 100 SOUTHEAST 2ND STREET,
36TH FLOOR
-------------------------
City, State and Zip Code: MIAMI, FLORIDA 33131
------------------------
<PAGE> 2
- --------------------------------------------------------------------------------
PART II - RULE 12b-25(b) AND (c)
- --------------------------------------------------------------------------------
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check appropriate box.)
[ X ] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[ X ] (b) The subject annual report or portion thereof will be filed on or
before the 15th calendar day following the prescribed due date;
or the subject quarterly report or portion thereof will be filed
on or before the fifth calendar day following the prescribed due
date; and
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
- --------------------------------------------------------------------------------
PART III - NARRATIVE
- --------------------------------------------------------------------------------
State below in reasonable detail the reasons why the Form 10-K, 11-K, 20-F or
10-Q or portion thereof could not be filed within the prescribed time period.
The Company's Quarterly Report on Form 10-Q for the quarter ended
December 31, 1998 cannot be filed within the prescribed time period
because the Company is experiencing delays in the collection and the
compilation of certain financial and other information required to be
included in the Form 10-Q. The Form 10-Q will be filed as soon as
reasonably practicable and in no event later than the fifth calendar
day following the prescribed due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
CHARLES M. FERNANDEZ (305) 350-7515
-------------------------------------------------------
(Name) (Area Code)(Telephone Number)
2
<PAGE> 3
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 during the preceding 12 months or
for such shorter period that the registrant was required to file such
report(s) been filed? If the answer is no, identify report(s):
[ X ] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof?
[ X ] Yes [ ] No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made. See below:
The Company will report a net loss for the three months ended December
31, 1998, which will include a one-time loss of approximately $4 million as a
result of the sale of the Company's diagnostic imaging services business during
the quarter. The Company cannot estimate the total amount of the net loss for
the quarter until it collects, compiles and analyzes all of the data for the
quarter.
3
<PAGE> 4
CONTINUCARE CORPORATION
--------------------------------------------
(Name of Registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: February 16, 1999 By:/s/ CHARLES M. FERNANDEZ
--------------------------------
Name: Charles M. Fernandez
Title: President
4
