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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: March 31, 1999
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:
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PART I- REGISTRANT INFORMATION
Full Name of Registrant: CONTINUCARE CORPORATION
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Former Name if Applicable: ZANART ENTERTAINMENT INCORPORATED
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Address of Principal Executive Office (Street Number): 100 SOUTHEAST 2ND STREET,
36TH FLOOR
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City, State and Zip Code: MIAMI, FLORIDA 33131
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PART II - RULE 12b-25(b)AND (c)
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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.
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PART III - NARRATIVE
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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 March
31, 1999 cannot be filed within the prescribed time period because the
Company experienced 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.
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PART IV - OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification:
CHARLES M. FERNANDEZ (305) 350-7515
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(Name) (Area Code) (Telephone Number)
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(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 of approximately $18.2 million for
the three months ended March 31, 1999, which will include a one-time loss of
approximately $11.0 million for the write down of assets held for sale to their
net realizable value during the quarter.
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CONTINUCARE CORPORATION
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(Name of Registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 17, 1999 By:/s/ Charles M. Fernandez
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Name: Charles M. Fernandez
Title: President
