<PAGE>
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
May 13, 1999
Date of Report
(Earliest Reported
Event is April 16, 1999)
PHP HEALTHCARE CORPORATION
(Exact name of registrant as specified in its charter)
Commission File No. 0-16235
Delaware 54-1023168
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or jurisdiction)
11440 Commerce Park Drive
Reston, Virginia 20191
(Address of principal (Zip Code)
executive offices)
(703) 758-3600
Registrant's telephone number, including area code:
_________________________________________________________________________
(Former names or former address, if changed since last report)
<PAGE>
Item 5. Other Events
- ---------------------
As previously reported by PHP Healthcare Corporation (the "Company" or "PHP"),
on November 19, 1998, the Company filed in the United States Bankruptcy Court
for the District of Delaware (the "Bankruptcy Court"), Bankruptcy Case No. 98-
2608(JJF), a voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code. In accordance with its Chapter 11 reporting obligations, the
Company filed its monthly operating report for the month ended March 1999 (the
"Monthly Report") with the Office of the U.S. Trustee and the Bankruptcy Court
on April 16, 1999. The Monthly Report is attached with this Current Report on
Form 8-K as Exhibit 99.1 Due to the volume of documents and the expense
associated with the electronic filing of the Monthly Report, certain exhibits
and attachments to the Monthly Report are not attached as part of Exhibit 99.1,
but are available upon request from the Office of the United States Trustee, the
Bankruptcy Court or the Company. In addition, the Company agrees that it will
furnish a copies of the omitted attachments to the Commission upon its request.
<PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits. The following exhibits are furnished as part of this report:
Exhibit Description
------- -----------
99.1 Monthly Operating Report of PHP Healthcare Corporation
as filed with the Office of the U.S. Trustee and the
United States Bankruptcy Court for the District
of Delaware on April 16, 1999.
FORWARD LOOKING STATEMENTS
This Report contains forward-looking statements. The words, "believe",
"expect", and "anticipate" and similar expressions identify such forwarding-
looking statements. These forward-looking statements reflect the Company's
views with respect to future events and financial performance. Such statements
are subject to risks and uncertainties that could cause the Company's actual
results and financial position to differ materially from those projected in the
forward-looking statements. Risks associated with the Company's forward-looking
statements include, but are not limited to, those risk factors described in the
Company's Form 10-K under the caption "Business Risk Factors". Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of their dates. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
<PAGE>
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 thereunto duly authorized.
PHP HEALTHCARE CORPORATION
By: /s/ Anthony M. Picini
---------------------------------------
Name: Anthony M. Picini
Title: Executive Vice President
Officer
Dated: May 13, 1999
<PAGE>
Office of the United States Trustee - Region 3
Monthly Operating Report
for the month ending March, 1999
================================================================================
<TABLE>
<S> <C> <C> <C>
Document Previously Explanation
Required Attachments Attached Submitted Attached
1. Tax Receipts N/A ( ) ( ) ( )
2. Bank Statements (X) ( ) ( )
3. Most Recently Filed ( ) ( ) ( )
Income Tax Return
4. Most Recently Annual ( ) (X) ( )
Financial Statements
Prepared by Accountant
IN ACCORDANCE WITH TITLE 25, SECTION 1746 OF THE UNITED STATES CODE, I
DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING
MONTHLY OPERATING REPORT (CASH BASIS - 1 THROUGH CASH BASIS - 9) AND
THE ACCOMPANYING ATTTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE
DOCUMENTS ARE TRUE, CORRECT AND COMPLETE DECLARATION OF THE PREPARER
(OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH
PREPARER AS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Anthony M. Picini Executive V.P.
---------------------------------------------- -------------------------------------
SIGNATURE OF RESPONSIBLE PARTY TITLE
Anthony M. Picini April 16, 1999
---------------------------------------------- -------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER
---------------------------------------------- -------------------------------------
SIGNATURE OF PREPARER TITLE
---------------------------------------------- ---------------------------------------
PRINTED NAME OF PREPARER DATE
All Chapter 11 debtors must file this report with the
Courtand serve a copy on the United States Trustee no
later than the 15th day of the month following the end
of the month covered by this report.
</TABLE>
<PAGE>
Debtor:PHP HEALTHCARE CORPORATION
CASH BASIS-2
Case No.: 98-2608(MFW)
Mar-99 MONTH ENDING
-------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS 1/31/99 2/28/99 3/31/99
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------
1 Cash -Beginning of Month 643,869 3,075,781 3,363,840
- ---------------------------------------------------------------------------------------------------------------------
Receipts
- ---------------------------------------------------------------------------------------------------------------------
2 Cash Sales 192,451 107,018 210,775
- ---------------------------------------------------------------------------------------------------------------------
3 Accounts Receivable Collections 2,219,336 6,015,169 7,457,669
- ---------------------------------------------------------------------------------------------------------------------
4 Loans & Advances
- ---------------------------------------------------------------------------------------------------------------------
5 Sale of Assets (attachment 2C) 6,703,600 962,178 92,500
- ---------------------------------------------------------------------------------------------------------------------
6 Lease & Rental Income
- ---------------------------------------------------------------------------------------------------------------------
7 Wages
- ---------------------------------------------------------------------------------------------------------------------
8 Other (Attach List) (attachment 2A) 73,712
- ---------------------------------------------------------------------------------------------------------------------
9 Total Receipts (total lines 2-8) 9,115,387 7,084,365 7,834,656
- ---------------------------------------------------------------------------------------------------------------------
DISBURSEMENTS
- ---------------------------------------------------------------------------------------------------------------------
10 Net Payroll
- ---------------------------------------------------------------------------------------------------------------------
11 Payroll Taxes Paid
- ---------------------------------------------------------------------------------------------------------------------
12 Sales, Use & Other Taxes Paid
- ---------------------------------------------------------------------------------------------------------------------
13 Inventory Purchases
- ---------------------------------------------------------------------------------------------------------------------
14 Mortgage Payments
- ---------------------------------------------------------------------------------------------------------------------
15 Other Secured Note Payments
- ---------------------------------------------------------------------------------------------------------------------
16 Rental & Lease Payments
- ---------------------------------------------------------------------------------------------------------------------
17 Utilities
- ---------------------------------------------------------------------------------------------------------------------
18 Insurance
- ---------------------------------------------------------------------------------------------------------------------
19 Vehicle Expense
- ---------------------------------------------------------------------------------------------------------------------
20 Travel
- ---------------------------------------------------------------------------------------------------------------------
21 Entertainment
- ---------------------------------------------------------------------------------------------------------------------
22 Repairs & Maintenance
- ---------------------------------------------------------------------------------------------------------------------
23 Supplies
- ---------------------------------------------------------------------------------------------------------------------
24 Advertising
- ---------------------------------------------------------------------------------------------------------------------
25 Household Expenses
- ---------------------------------------------------------------------------------------------------------------------
26 Charitable Contributions
- ---------------------------------------------------------------------------------------------------------------------
27 Gifts
- ---------------------------------------------------------------------------------------------------------------------
28 Other (Attach List) (attachment 2B) 6,605,801 6,269,371 7,074,698
- ---------------------------------------------------------------------------------------------------------------------
29 Total Lines 10 thru 28 6,605,801 6,269,371 7,074,698
- ---------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
- ---------------------------------------------------------------------------------------------------------------------
30 Professional Fees 77,674 526,935 645,048
- ---------------------------------------------------------------------------------------------------------------------
31 U.S. Trustee Fees
- ---------------------------------------------------------------------------------------------------------------------
32 Other (Attach List)
- ---------------------------------------------------------------------------------------------------------------------
33 Total Lines 30 thru 32 77,674 526,935 645,048
- ---------------------------------------------------------------------------------------------------------------------
34 Total Disbursements (line 29+line 33) 6,683,475 6,796,306 7,719,746
- ---------------------------------------------------------------------------------------------------------------------
35 Net Cash Flow (line 9 - line 34) 2,431,912 288,059 114,910
- ---------------------------------------------------------------------------------------------------------------------
36 Cash - End of Month (line 1 + line 35) 3,075,781 3,363,840 3,478,750
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Debtor: PHP HEALTHCARE CORPORATION
CASH BASIS-3
Case No: 98-2608 (MFW)
<TABLE>
<CAPTION>
- -----------------------------------------------------------
CASH DISBURSEMENTS DETAIL
MONTH: Mar-99
(Attach sheets if necessary) ------------------------
- ----------------------------------------------------------------------------------------------------------------------
CASH DISBURSEMENTS
- ----------------------------------------------------------------------------------------------------------------------
DATE PAYEE PURPOSE AMOUNT
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
Various Various (See attachment 3A) 2,336,362
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
Total Cash Disbursements 2,336,362
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
BANK ACCOUNT DISBURSEMENTS
- ----------------------------------------------------------------------------------------------------------------------
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
Various 3/1-31/99 Various (See attachment 3B) 3,708,907
- ----------------------------------------------------------------------------------------------------------------------
Various 3/1-31/99 Various Net Payroll 1,674,477
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
Various 3/99 and priorLess voided checks issued in prior months.
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
Total Bank Account Disbursements 5,383,384
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
TOTAL DISBURSEMENTS FOR THE MONTH 7,719,746
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- -------------------------------------- Mar-99
ACCOUNTS RECEIVABLE MONTH:_________________
Accounts Receivable -Trade
<S> <C>
Total accounts receivable at the beginning of the period 6,193,400
- ---------------------------------------------------------------------------------------------------------------
Amounts billed during the period 4,434,469
- ---------------------------------------------------------------------------------------------------------------
Amounts collected during the period 7,457,669
- ---------------------------------------------------------------------------------------------------------------
Total accounts receivable at the end of the period 3,170,200
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE AGING AMOUNT
- ---------------------------------------------------------------------------------------------------------------
0 - 30 days old 2,472,741
- ---------------------------------------------------------------------------------------------------------------
30 - 60 days old 577,340
- ---------------------------------------------------------------------------------------------------------------
61 - 90 days old 16,700
- ---------------------------------------------------------------------------------------------------------------
91 + days old 103,419
- ---------------------------------------------------------------------------------------------------------------
TOTAL ACCOUNTS RECEIVABLE 3,170,200
- ---------------------------------------------------------------------------------------------------------------
TOTAL CONSIDERED UNCOLLECTIBLE 0
- ---------------------------------------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE (NET) 3,170,200
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
AMOUNTS DUE FROM AFFILIATES & INSIDERS (ITEMIZE) AMOUNT
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
(See attachment 4A) 68,442,225
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
TOTAL 68,442,225
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
INVENTORY AMOUNT
- ---------------------------------------------------------------------------------------------------------------
Beginning inventory 0
- ---------------------------------------------------------------------------------------------------------------
Plus Purchases
- ---------------------------------------------------------------------------------------------------------------
Minus Sales
- ---------------------------------------------------------------------------------------------------------------
Ending Inventory 0
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CASH BASIS-5
MONTH: Mar-99
---------------------
<TABLE>
<CAPTION>
==================================================================================================================================
UNPAID POSTPETITION PAYABLES AND AGING AMOUNT
==================================================================================================================================
<S> <C>
Postpetition items
- ----------------------------------------------------------------------------------------------------------------------------------
Reorganization Expenses
- ----------------------------------------------------------------------------------------------------------------------------------
Professional Fees 960,272
- ----------------------------------------------------------------------------------------------------------------------------------
U.S. Trustee Fees
- ----------------------------------------------------------------------------------------------------------------------------------
Court Fees
- ----------------------------------------------------------------------------------------------------------------------------------
Trade Debt 109,413
- ----------------------------------------------------------------------------------------------------------------------------------
Other (attach list) (Report tax in next section only)
==================================================================================================================================
AGING 0-30 31-60 61-90 90 +
PAYABLES DAYS DAYS DAYS DAYS TOTAL
==================================================================================================================================
1,033,269 28,892 7,638 (114) 1,069,685
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
==================================================================================================================================
STATUS OF POST PETITION TAXES
==================================================================================================================================
BEGINNING AMOUNT ENDING
TAX WITHHELD AMOUNT TAX DELINQUENT
LIABILITY* OR ACCRUED PAID LIABILITY TAXES
==================================================================================================================================
<S> <C> <C> <C> <C> <C>
Federal
- ----------------------------------------------------------------------------------------------------------------------------------
Withholding** 93,260 344,047 437,308 0
- ----------------------------------------------------------------------------------------------------------------------------------
FICA Employee** 24,520 174,611 199,132 0
- ----------------------------------------------------------------------------------------------------------------------------------
FICA Employer** 24,597 175,865 200,462 0
- ----------------------------------------------------------------------------------------------------------------------------------
Unemployment 32,773 7,779 0 40,552
- ----------------------------------------------------------------------------------------------------------------------------------
Income
- ----------------------------------------------------------------------------------------------------------------------------------
Other (Attach List)
- ----------------------------------------------------------------------------------------------------------------------------------
Total Federal Taxes 175,150 702,303 836,901 40,552 -
- ----------------------------------------------------------------------------------------------------------------------------------
State and Local
- ----------------------------------------------------------------------------------------------------------------------------------
Withholding 58,370 126,702 121,494 63,578
- ----------------------------------------------------------------------------------------------------------------------------------
Sales
- ----------------------------------------------------------------------------------------------------------------------------------
Excise
- ----------------------------------------------------------------------------------------------------------------------------------
Unemployment 68,538 11,867 0 80,405
- ----------------------------------------------------------------------------------------------------------------------------------
Real Property
- ----------------------------------------------------------------------------------------------------------------------------------
Personal Property
- ----------------------------------------------------------------------------------------------------------------------------------
Other (Attach List)
- ----------------------------------------------------------------------------------------------------------------------------------
Total State & Local 126,908 138,569 121,494 143,983 0
- ----------------------------------------------------------------------------------------------------------------------------------
Total Taxes 302,059 840,872 958,395 184,535 0
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*The beginning tax liability should represent the liability from the prior month
or if this is the first operating report the amount should be zero.
** Attach photocopies of PCF Form 8123 or your FTD coupon and payment receipt to
verify payment or deposit.
5
<PAGE>
CASH BASIS-6
The debtor in possession must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing an asterix next to the account number. Attach additional sheets if
necessary.
<TABLE>
<CAPTION>
MONTH: Mar-99
-------------------------------------------------------------
=====================================================
BANK RECONCILIATIONS
Account #1 Account #2 Account #3 Account #4
==================================================================================================================================
<S> <C> <C> <C> <C>
A BANK:
------------------------------------------------------------------------------
------------------------------------------------------------------------------
B ACCOUNT NUMBER
------------------------------------------------------------------------------
------------------------------------------------------------------------------
C PURPOSE (TYPE)
==================================================================================================================================
1 Balance per Bank Statement (See attachment 6A)
- -----------------------------------------------------------------------------------------------------------------------------------
2 Add: Total Deposits
- -----------------------------------------------------------------------------------------------------------------------------------
3 Less: Outstanding Checks
- -----------------------------------------------------------------------------------------------------------------------------------
4 +/- Other Reconciling Items (Attach List)
- -----------------------------------------------------------------------------------------------------------------------------------
5 Month Ending Balance Per Books As of 2/28/98 3,346,490
- -----------------------------------------------------------------------------------------------------------------------------------
6 Number of Last Check Written
==================================================================================================================================
<CAPTION>
=====================================================
INVESTMENT ACCOUNTS
==================================================================================================================================
Date of Type of Purchase Current
BANK, ACCOUNT NAME & NUMBER Purchase Instrument Price Value
==================================================================================================================================
<S> <C> <C> <C> <C>
7
- -----------------------------------------------------------------------------------------------------------------------------------
8
- -----------------------------------------------------------------------------------------------------------------------------------
9 N/A
- -----------------------------------------------------------------------------------------------------------------------------------
10
- -----------------------------------------------------------------------------------------------------------------------------------
11 Total Investment 0 0
==================================================================================================================================
<CAPTION>
=====================================================
CASH
==================================================================================================================================
<S> <C>
12 Currency on Hand 17,350
==================================================================================================================================
<CAPTION>
==================================================================================================================================
<S> <C> <C>
13 TOTAL CASH - END OF MONTH (Total lines 5, 11 &12) As of 2/28/98 3,363,840
==================================================================================================================================
</TABLE>
Please attach copies of BANK STATEMENTS.
<PAGE>
CASH BASIS-7
================================================================================
PAYMENTS TO INSIDERS AND PROFESSIONALS
================================================================================
MONTH: Mar-99
Of the total disbursements shown for the month, list the amount
paid to insiders (as defined in section 101 (31) (A)-(F) of the
U.S. Bankruptcy Code) and to professionals, for payments to
insiders, identify the type of compensation paid (e.g. salary,
bonus, commission, insurance, housing allowance travel car
allowance, etc). Attach additional sheets if necessary.
<TABLE>
<CAPTION>
================================================================================================================================
INSIDERS
================================================================================================================================
TYPE OF CUMULATIVE UNPAID
NAME POSITION PAYMENT PAID BALANCE
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 K. Weixel Acting CEO & President Salary 27,692 -
- --------------------------------------------------------------------------------------------------------------------------------
2 M Starr Senior Executive Vice President Salary 24,217 -
- --------------------------------------------------------------------------------------------------------------------------------
3 A. Picini Executive Vice President Salary 23,077 -
- --------------------------------------------------------------------------------------------------------------------------------
4 J. Hercenberg Senior Vice President Salary 21,154 -
- --------------------------------------------------------------------------------------------------------------------------------
5 J. Mazur Former CEO & President Salary - -
- --------------------------------------------------------------------------------------------------------------------------------
6 W. Lubin Former Executive Vice President Salary - -
- --------------------------------------------------------------------------------------------------------------------------------
7 D. Berman Former Senior Vice President Salary - -
Total Payments to Insiders 96,140 -
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
=============================================================================================================================
PROFESSIONALS
- -----------------------------------------------------------------------------------------------------------------------------
DATE OF COURT TOTAL
ORDER AUTH. AMOUNT AMOUNT PAID
NAME PAYMENT APPROVED PAID TO DATE (cumulative)
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 Richards, Layton &
Finger Legal Fees - 3/18/99 198,187 162,138 425,668
- -----------------------------------------------------------------------------------------------------------------------------
2 Pricewaterhouse
Coopers, LLP Professional Fees - 3/28/99 252,717 208,557 500,297
- -----------------------------------------------------------------------------------------------------------------------------
3 Sugarman &
Company, LLP Professional Fees - 3/3/99 75,227 61,055 see line 4
- -----------------------------------------------------------------------------------------------------------------------------
4 Sugarman &
Company, LLP Professional Fees - 3/31/99 73,582 61,056 182,107
- -----------------------------------------------------------------------------------------------------------------------------
5 Cole, Schotz,
Meisel, Forman Legal Fees - 3/18/99 76,652 61,693 130,940
- -----------------------------------------------------------------------------------------------------------------------------
6 Arthur Andersen,
LLP Professional Fees - 3/25/99 80,923 67,260 110,320
- -----------------------------------------------------------------------------------------------------------------------------
7 Comey, Boyd, &
Luskin Legal Fees - 3/18/99 29,071 23,289 23,289
- -----------------------------------------------------------------------------------------------------------------------------
8 The Bayard Firm Legal Fees - 3/31/99 3,600 0 0
- -----------------------------------------------------------------------------------------------------------------------------
Total Payments to Professionals 789,960 645,048 1,372,620
- -----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
=============================================================================================================================
SECURED NOTES, LEASES PAYABLE AND
ADEQUATE PROTECTION PAYMENTS
=============================================================================================================================
SCHEDULED AMOUNTS PAID TOTAL
NAME OF MONTHLY DURING UNPAID
CREDITOR PAYMENTS DUE MONTH POSTPETITION
=============================================================================================================================
<S> <C> <C> <C> <C>
1
- -----------------------------------------------------------------------------------------------------------------------------
2
- -----------------------------------------------------------------------------------------------------------------------------
3
- -----------------------------------------------------------------------------------------------------------------------------
4 (See attachment 7A) 77,177
- -----------------------------------------------------------------------------------------------------------------------------
5
- -----------------------------------------------------------------------------------------------------------------------------
6
- -----------------------------------------------------------------------------------------------------------------------------
7
- -----------------------------------------------------------------------------------------------------------------------------
8 Total 0 77,177 0
=============================================================================================================================
</TABLE>
<PAGE>
CASH BASIS-8
<TABLE>
<CAPTION>
==================================================================================================================================
QUESTIONNAIRE
MONTH: Mar-99 YES NO
==================================================================================================================================
<S> <C> <C> <C>
1 Have any assets been sold or transferred outside the normal course of business this reporting period? X
- ----------------------------------------------------------------------------------------------------------------------------------
2 Have any funds been disbursed from any account other than a debtor in possession account? X
- ----------------------------------------------------------------------------------------------------------------------------------
3 Are any postpetition receivables (accounts,notes, or loans) due from related parties? X
- ----------------------------------------------------------------------------------------------------------------------------------
4 Have any payments been made on prepetition liabilities this reporting period? X
- ----------------------------------------------------------------------------------------------------------------------------------
5 Have any postpetition loans been received by the debtor from any party? X
- ----------------------------------------------------------------------------------------------------------------------------------
6 Are any postpetition payroll taxes past due? X
- ----------------------------------------------------------------------------------------------------------------------------------
7 Are any postpetition state or federal income taxes past due? X
- ----------------------------------------------------------------------------------------------------------------------------------
8 Are any postpetition real-estate taxes past due? X
- ----------------------------------------------------------------------------------------------------------------------------------
9 Are any other postpetition taxes past due? X
- ----------------------------------------------------------------------------------------------------------------------------------
10 Are any amounts owed to postpetition creditors past due? X
- ----------------------------------------------------------------------------------------------------------------------------------
11 Have any prepetition taxes been paid during the reporting period? X
- ----------------------------------------------------------------------------------------------------------------------------------
12 Are any wage payments past due? X
==================================================================================================================================
</TABLE>
If the answer to any of the above questions is "YES", provide a detailed
explanation of each item. Attach additional sheets if necessary
(See attachment 8A)
<TABLE>
<CAPTION>
==================================================================================================================================
INSURANCE YES NO
==================================================================================================================================
<S> <C> <C> <C>
1 Are worker's compensation, general liability and other necessary insurance coverages in effect? X
- ----------------------------------------------------------------------------------------------------------------------------------
2 Are all premium payments paid current? X
- ----------------------------------------------------------------------------------------------------------------------------------
3 Please itemize policies below.
==================================================================================================================================
</TABLE>
If the answer to any of the above questions is "NO", or if any policies have
been cancelled or not renewed during this reporting period, provide an
explanation below. Attach additional sheets if necessary.
(See attachment 8B)
<TABLE>
<CAPTION>
==================================================================================================================================
INSTALLMENT PAYMENTS
==================================================================================================================================
TYPE OF
POLICY CARRIER PERIOD COVERED
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
==================================================================================================================================
</TABLE>
<PAGE>
CASH BASIS-9
<TABLE>
<CAPTION>
MONTH: Mar-99
- --------------------------------------------------------------------------------------------------
PERSONNEL
- --------------------------------------------------------------------------------------------------
Full Time Part Time
- --------------------------------------------------------------------------------------------------
<C> <S> <C> <C>
1 Total number of employees at beginning of period 974
- --------------------------------------------------------------------------------------------------
2 Number of employees hired during period 26
- --------------------------------------------------------------------------------------------------
3 Number of employees terminated or resigned during the period 322
- --------------------------------------------------------------------------------------------------
4 Total number of employees at the end of the period 678
- --------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------------
CHANGE IN ADDRESS
- --------------------------------------------------------------------------------------------------
If your mailing address has changed and you have not previously notified the
United States Trustee of the change, list your new address below:
DATE OF CHANGE:
-----------------
NEW ADDRESS:
------------------------------------
------------------------------------
------------------------------------
</TABLE>
<PAGE>
PHP HEALTHCARE CORP.
Other Receipts
Mar-99
Intercompany Transfers:
PCA 73,712.35
---------------------
Total 73,712.35
Attachment 2A
<PAGE>
PHP HEALTHCARE CORP.
EXPENSES - CASH BASIS
#REF!
Description Net Activity
----------- ------------
Net Payroll 1,674,477
Payroll Taxes 976,972
Payroll W/H's 4,212
Due from HIP 0
Other Secured Notes Payable 66,289
Insurance 134,918
Legal 10,000
Professional Fees 0
Directors' Fees 0
Deposits 5,465
Health/Dental Claims 577,774
Sales & Use Taxes 582
Line of Credit, Notes & Leases 0
Contract-Primary Care Prov 29,035
Contract-Locum Tenens Fees 0
Contract-Psychiatrist 7,750
Contract-Dentist 3,975
Contract-Consultant 92,685
Contract-Medical Temps 40,900
Contract-Office Temps 87,874
Contract-Transcriptionist 0
Fringe Benefits 204,095
Claims-Physician 0
Claims-Other A/P 2,171,230
Medical Lab Services/Supplies 82,564
Medical Supplies 169,235
Patient Care Services 30,042
Office Supply Expense 33,104
Utilities 33,117
Bldg & Office Expense 538,684
Business Taxes/Licenses 21,849
Professional Dues & Subs 7,049
Employee Education & Other 6,364
Travel & Meals 19,125
Attachment 2B
<PAGE>
Interest Expense 4,973
Intercompany 21,000
Misc. Expense 19,358
=========================
7,074,698
=========================
Attachment 2B
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
Reliastar/ A/P Trans
MAR CoreSourse Wires Vendor Description Entry #
=============================================================================================================================
<S> <C> <C> <C> <C> <C>
1 National Practioners' Data Bank Credentialing Fees 0301991
- -----------------------------------------------------------------------------------------------------------------------------
1 National Practioners' Data Bank Credentialing Fee 0301991
- -----------------------------------------------------------------------------------------------------------------------------
1 100,000.00 CoreSource Deposit into PMPA A/C 0301992
- -----------------------------------------------------------------------------------------------------------------------------
1 137,140.47 MLC Group, Inc. Office Equipment Lease
- -----------------------------------------------------------------------------------------------------------------------------
1 46,383.48 Cananwill, Inc. Commercial Insurance Note
- -----------------------------------------------------------------------------------------------------------------------------
1 44,735.47 Midland Loan Services Woodbridge Rent
- -----------------------------------------------------------------------------------------------------------------------------
2 145,647.56 ReliaStar Premiums and Adm Fees 0302993
- -----------------------------------------------------------------------------------------------------------------------------
2 7,280.00 Prima Search, Inc. Contract Medical Services
- -----------------------------------------------------------------------------------------------------------------------------
2 2,989.84 Physicians Dispensing RX Pharmaceuticals
- -----------------------------------------------------------------------------------------------------------------------------
2 1,090.82 Wyeth-Ayerst Labs Pharmaceuticals
- -----------------------------------------------------------------------------------------------------------------------------
2 97.51 International Data Supply Office Supplies
- -----------------------------------------------------------------------------------------------------------------------------
3 1,093.36 Nationwide Advertising Classified Ads
- -----------------------------------------------------------------------------------------------------------------------------
3 710.20 Washington Post Classsified Ads
- -----------------------------------------------------------------------------------------------------------------------------
4 PHP - FIT & FICA 0304991
- -----------------------------------------------------------------------------------------------------------------------------
4 7,988.72 Edward's Medical Supply Medical Supplies
- -----------------------------------------------------------------------------------------------------------------------------
4 5,985.41 PYA/Monarch, Inc. Food Service
- -----------------------------------------------------------------------------------------------------------------------------
4 5,908.64 Grove Medical, Inc. Medical Supplies
- -----------------------------------------------------------------------------------------------------------------------------
4 5,021.05 AmeriSource Pharmaceuticals
- -----------------------------------------------------------------------------------------------------------------------------
4 1,278.97 Land O'Sun Dairies Dairy Products
- -----------------------------------------------------------------------------------------------------------------------------
4 185.87 International Data Supply Office Supplies
- -----------------------------------------------------------------------------------------------------------------------------
4 116.80 Medibadge Medical Supplies
- -----------------------------------------------------------------------------------------------------------------------------
5 PHP - VA Tax w/h 0305991
- -----------------------------------------------------------------------------------------------------------------------------
5 5,410.14 Physicians Dispensing RX Pharmaceuticals
- -----------------------------------------------------------------------------------------------------------------------------
8 PHP - FIT & FICA 0308991
- -----------------------------------------------------------------------------------------------------------------------------
8 PHP - SC Tax w/h 4th qtr '98 0308992
- -----------------------------------------------------------------------------------------------------------------------------
8 National Practioners' Data Bank Credentialing Fees 0308993
- -----------------------------------------------------------------------------------------------------------------------------
8 National Practioners' Data Bank Credentialing Fee 0308993
- -----------------------------------------------------------------------------------------------------------------------------
8 National Practioners' Data Bank Credentialing Fee 0308993
- -----------------------------------------------------------------------------------------------------------------------------
8 100,000.00 CoreSource Deposit into PMPA A/C 0308996
- -----------------------------------------------------------------------------------------------------------------------------
8 4,454.50 Central Diagnostic Imaging Exams & Mammos
- -----------------------------------------------------------------------------------------------------------------------------
9 17,105.91 ReliaStar Claims and Adm Fees 0309991
- -----------------------------------------------------------------------------------------------------------------------------
9 3,839.67 Nationwide Advertising Classified Ads
- -----------------------------------------------------------------------------------------------------------------------------
9 1,229.54 S B Pharmaceuticals Pharmaceuticals
- -----------------------------------------------------------------------------------------------------------------------------
9 683.40 Washington Post Classsified Ads
- -----------------------------------------------------------------------------------------------------------------------------
10 PHP - VA Tax w/h 0310991
- -----------------------------------------------------------------------------------------------------------------------------
10 PCA - FIT & FICA 0310992
- -----------------------------------------------------------------------------------------------------------------------------
10 297.99 Merck & Company Pharmaceuticals
- -----------------------------------------------------------------------------------------------------------------------------
11 No Disbursements This Date
- -----------------------------------------------------------------------------------------------------------------------------
12 9,482.30 Physicians Dispensing RX Pharmaceuticals
- -----------------------------------------------------------------------------------------------------------------------------
12 913.50 Central Diagnostic Imaging Exams & Mammos
- -----------------------------------------------------------------------------------------------------------------------------
15 75,000.00 CoreSource Deposit into PMPA A/C 0315991
- -----------------------------------------------------------------------------------------------------------------------------
15 PHP - MD Tax w/h 0315992
- -----------------------------------------------------------------------------------------------------------------------------
15 PHP - SC Tax w/h 0315993
- -----------------------------------------------------------------------------------------------------------------------------
15 56,203.26 ReliaStar Claims and Adm Fees 0315994
- -----------------------------------------------------------------------------------------------------------------------------
15 2,402.40 Eastridge Group Temps Temporary Staff - CA
- -----------------------------------------------------------------------------------------------------------------------------
15 976.00 Land O'Sun Dairies Dairy Products
- -----------------------------------------------------------------------------------------------------------------------------
16 No Disbursements This Date
- -----------------------------------------------------------------------------------------------------------------------------
17 162,138.23 Richards, Finger & Layton Legal Fees & Expenses
- -----------------------------------------------------------------------------------------------------------------------------
17 38,094.57 MLC Group, Inc. Office Equipment Lease
- -----------------------------------------------------------------------------------------------------------------------------
17 15,856.19 Edward's Medical Supply Medical Supplies
- -----------------------------------------------------------------------------------------------------------------------------
17 7,280.00 Prima Search, Inc. Contract Medical Services
- -----------------------------------------------------------------------------------------------------------------------------
17 1,109.10 Nationwide Advertising Classified Ads
- -----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------
Payroll Employee Misc.
MAR Taxes HCC Credentials Inc./Exp. TOTAL
=========================================================================================
<S> <C> <C> <C> <C> <C>
1 16.00
- -----------------------------------------------------------------------------------------
1 4.00
- -----------------------------------------------------------------------------------------
1
- -----------------------------------------------------------------------------------------
1
- -----------------------------------------------------------------------------------------
1
- -----------------------------------------------------------------------------------------
1 328,279.42
- -----------------------------------------------------------------------------------------
2
- -----------------------------------------------------------------------------------------
2
- -----------------------------------------------------------------------------------------
2
- -----------------------------------------------------------------------------------------
2
- -----------------------------------------------------------------------------------------
2 157,105.73
- -----------------------------------------------------------------------------------------
3
- -----------------------------------------------------------------------------------------
3 1,803.56
- -----------------------------------------------------------------------------------------
4 143,654.53
- -----------------------------------------------------------------------------------------
4
- -----------------------------------------------------------------------------------------
4
- -----------------------------------------------------------------------------------------
4
- -----------------------------------------------------------------------------------------
4
- -----------------------------------------------------------------------------------------
4
- -----------------------------------------------------------------------------------------
4
- -----------------------------------------------------------------------------------------
4 170,139.99
- -----------------------------------------------------------------------------------------
5 12,653.25
- -----------------------------------------------------------------------------------------
5 18,063.39
- -----------------------------------------------------------------------------------------
8 360,650.94
- -----------------------------------------------------------------------------------------
8 34.79
- -----------------------------------------------------------------------------------------
8 16.00
- -----------------------------------------------------------------------------------------
8 4.00
- -----------------------------------------------------------------------------------------
8 4.00
- -----------------------------------------------------------------------------------------
8
- -----------------------------------------------------------------------------------------
8 465,164.23
- -----------------------------------------------------------------------------------------
9
- -----------------------------------------------------------------------------------------
9
- -----------------------------------------------------------------------------------------
9
- -----------------------------------------------------------------------------------------
9 22,858.52
- -----------------------------------------------------------------------------------------
10 20,687.09
- -----------------------------------------------------------------------------------------
10 7,176.10
- -----------------------------------------------------------------------------------------
10 28,161.18
- -----------------------------------------------------------------------------------------
11 0.00
- -----------------------------------------------------------------------------------------
12
- -----------------------------------------------------------------------------------------
12 10,395.80
- -----------------------------------------------------------------------------------------
15
- -----------------------------------------------------------------------------------------
15 18,662.10
- -----------------------------------------------------------------------------------------
15 16,192.27
- -----------------------------------------------------------------------------------------
15
- -----------------------------------------------------------------------------------------
15
- -----------------------------------------------------------------------------------------
15 169,436.03
- -----------------------------------------------------------------------------------------
16 0.00
- -----------------------------------------------------------------------------------------
17
- -----------------------------------------------------------------------------------------
17
- -----------------------------------------------------------------------------------------
17
- -----------------------------------------------------------------------------------------
17
- -----------------------------------------------------------------------------------------
17
- -----------------------------------------------------------------------------------------
</TABLE>
Attachment 3A
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
Reliastar/ A/P Trans
MAR CoreSourse Wires Vendor Description Entry #
=============================================================================================================================
<S> <C> <C> <C> <C> <C>
17 1,058.60 Washington Post Classsified Ads
- -----------------------------------------------------------------------------------------------------------------------------
18 1,130.50 Central Diagnostic Imaging Exams & Mammos
- -----------------------------------------------------------------------------------------------------------------------------
19 5,236.08 Physicians Dispensing RX Pharmaceuticals
- -----------------------------------------------------------------------------------------------------------------------------
19 195.33 Merck & Company Pharmaceuticals
- -----------------------------------------------------------------------------------------------------------------------------
19 Transfer to HCC 0319992
- -----------------------------------------------------------------------------------------------------------------------------
22 8,351.00 Alexanders Moving & Storage Labor & Material to Move Offices
- -----------------------------------------------------------------------------------------------------------------------------
22 7,788.00 Eastridge Group Temps Temporary Staff - CA
- -----------------------------------------------------------------------------------------------------------------------------
22 PHP - FIT & FICA 0322991
- -----------------------------------------------------------------------------------------------------------------------------
22 Transfer to HCC 0322993
- -----------------------------------------------------------------------------------------------------------------------------
22 33,702.75 ReliaStar Claims and Adm Fees 0322994
- -----------------------------------------------------------------------------------------------------------------------------
23 No Disbursements This Date
- -----------------------------------------------------------------------------------------------------------------------------
24 PHP - VA Tax w/h 0324991
- -----------------------------------------------------------------------------------------------------------------------------
24 PCA - FIT & FICA 0324992
- -----------------------------------------------------------------------------------------------------------------------------
25 Preauthorized ACH Debit 0325991
- -----------------------------------------------------------------------------------------------------------------------------
26 Transfer from HCC 0322993
- -----------------------------------------------------------------------------------------------------------------------------
26 208,556.00 Pricewaterhouse Coopers LLP Professional Fees
- -----------------------------------------------------------------------------------------------------------------------------
26 10,927.71 National Union Fire Insurance Co. D & O and Empl. Practices Premium
- -----------------------------------------------------------------------------------------------------------------------------
26 7,413.14 Physicians Dispensing RX Pharmaceuticals
- -----------------------------------------------------------------------------------------------------------------------------
26 7,151.75 Shirlington Self Storage Lease Storage Space
- -----------------------------------------------------------------------------------------------------------------------------
26 3,174.79 American Drug Stores Rx Claims
- -----------------------------------------------------------------------------------------------------------------------------
26 859.90 Nationwide Advertising Classified Ads
- -----------------------------------------------------------------------------------------------------------------------------
26 273.75 Central Diagnostic Imaging Exams & Mammos
- -----------------------------------------------------------------------------------------------------------------------------
29 No Disbursements This Date
- -----------------------------------------------------------------------------------------------------------------------------
30 50,114.73 CoreSource Claims and Adm Fees 0330992
- -----------------------------------------------------------------------------------------------------------------------------
30 7,740.00 Alexanders Moving & Storage Labor & Material to Move Offices
- -----------------------------------------------------------------------------------------------------------------------------
30 637.92 Service Master of Charleston Furnish & Install Metal Door
- -----------------------------------------------------------------------------------------------------------------------------
30 463.12 Washington Post Classsified Ads
- -----------------------------------------------------------------------------------------------------------------------------
31 5,781.60 Eastridge Group Temps Temporary Staff - CA
- -----------------------------------------------------------------------------------------------------------------------------
31 853.25 Central Diagnostic Imaging Exams & Mammos
- -----------------------------------------------------------------------------------------------------------------------------
577,774.21 799,766.58
- -----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------
Payroll Employee Misc.
MAR Taxes HCC Credentials Inc./Exp. TOTAL
=========================================================================================
<S> <C> <C> <C> <C> <C>
17
- -----------------------------------------------------------------------------------------
18 1,130.50
- -----------------------------------------------------------------------------------------
19
- -----------------------------------------------------------------------------------------
19
- -----------------------------------------------------------------------------------------
19 21,000.00 26,431.41
- -----------------------------------------------------------------------------------------
22
- -----------------------------------------------------------------------------------------
22
- -----------------------------------------------------------------------------------------
22 332,595.73
- -----------------------------------------------------------------------------------------
22 83,000.00
- -----------------------------------------------------------------------------------------
22 465,437.48
- -----------------------------------------------------------------------------------------
23 0.00
- -----------------------------------------------------------------------------------------
24 18,446.11
- -----------------------------------------------------------------------------------------
24 7,006.49 25,452.60
- -----------------------------------------------------------------------------------------
25 18.00 18.00
- -----------------------------------------------------------------------------------------
26 (83,000.00)
- -----------------------------------------------------------------------------------------
26
- -----------------------------------------------------------------------------------------
26
- -----------------------------------------------------------------------------------------
26
- -----------------------------------------------------------------------------------------
26
- -----------------------------------------------------------------------------------------
26
- -----------------------------------------------------------------------------------------
26
- -----------------------------------------------------------------------------------------
26 155,357.04
- -----------------------------------------------------------------------------------------
29 0.00
- -----------------------------------------------------------------------------------------
30
- -----------------------------------------------------------------------------------------
30
- -----------------------------------------------------------------------------------------
30
- -----------------------------------------------------------------------------------------
30 58,955.77
- -----------------------------------------------------------------------------------------
31
- -----------------------------------------------------------------------------------------
31 6,634.85
- -----------------------------------------------------------------------------------------
937,759.40 21,000.00 44.00 18.00 2,110,825.50
=========================================================================================
Summary:
Inter Co. Trans 21,000.00
Other Disb. 1,377,602.79
Payroll taxes 937,759.40
-----------------
2,336,362.19
=================
</TABLE>
Attachment 3A
<PAGE>
PHP Healthcare Corp.
Amounts Due from Affiliates & Insiders
March 31, 1999
Exec Loan Program Amount
----------------- ------
Jack Mazur 5,308,224
Michael Starr 1,352,165
Anthony Picini 156,317
William Lubin 169,574
Kenneth Weixel 281,297
Robert Bowles 439,594
Frank Provato 131,301
-------------
Subtotal 7,838,472
-------------
Other Notes Receivable
----------------------
Robert Bowles 686,354
Kenneth Weixel-Employment 63,333
Kenneth Weixel-Other 271,549
G&L Realty 2,113,333
Shamrock Investments 957,822
-------------
Subtotal 4,092,392
-------------
Due from Subsidiaries
---------------------
Pinnacle Health Enterprises, LLC 26,138,241
Pinnacle Medical Group, PA 21,501,299
All other subsidiaries 8,871,821
-------------
Subtotal 56,511,361
-------------
Grand Total 68,442,225
=============
Attachment 4A
<PAGE>
PHP Healthcare Corporation
Cash Balances
3/31/99
<TABLE>
<CAPTION>
G/L Balance G/L Balance G/L Balance
Bank Title Account # 12/31/98 1/31/99 2/28/99
- --------------------- ------------------------ ------------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C>
PHP Healthcare Corp.
NationsBank Concentration 375 052 7254 721,093.35 302,873.43 3,444,911.59
NationsBank Accounts Payable-Pre-Petition 375 001 8417 (179,915.00) 43,352.60 73,337.14
NationsBank Payroll 375 001 8420 13,526.31 (32,540.46) (92,986.34)
NationsBank Executive 375 052 6886 2,628.86 2,628.86 2,566.62
NationsBank Accounts Payable-Post-Petition 375 123 3738 86,535.95 (470,368.09) (81,339.01)
Sun National Bank Escrow 14 804860 10 3,217,784.66
================ ================ ================
643,869.47 3,063,731.00 3,346,490.00
================ ================ ================
</TABLE>
Attachment 6A
<PAGE>
PHP HEALTHCARE CORPORATION
Secured Notes, Leases Payable and Adequate Protection Payments
3/31/99
<TABLE>
<CAPTION>
Scheduled Monthly Amounts Paid Total Unpaid
Creditor Name Payments Due During Month PostPetition
- ------------------------------ ------------------------ -------------------- ----------------------
<S> <C> <C>
Cananwill, Inc. 77,306 46,383
TransAmerica Corp. 30,794 30,794
Nationsbanc Leasing Corp. 92,825 0
Siemens Credit Corp. 37,230 0
Siemens Credit Corp. 59,676 0
MLC 145,702 0
IKON 15,173 0
------------------------ -------------------- ----------------------
458,706 77,177 0
------------------------ -------------------- ----------------------
</TABLE>
Attachment 7A
<PAGE>
PHP Healthcare Corporate Insurance
Policy Type Carrier Term Coverage
Real/Personal Property Wausau 12/31/98-99 $30.4
Auto Wausau 12/31/98-99 $1M
Lawyers Malpractice American 6/1/98-6/15/99 $2M
International
Directors & Officers Tamarack 3/31/99-00 $5M
American
Employment Practices Zurich 4/15/99-00 $1M
Liability
Medical Malpractice & E&O Reliance 5/01/98-99
and General Liability National
1st Tier - per provider $1M/$3M
2nd Tier - per incident $4M/$4M
Excess - shared limit $20M
Dishonesty/Forgery/Theft Gulf 12/31/97-00 $1M
Insurance
Workers Compensation Wausau 12/31/98-99 By Law
Medical Malpractice Healthcare Unlimited $1M/3M
"Tail" Coverage * Insurance 7 years $4M/4M
* Separate extended reporting period (tail) coverage was purchased for the
Fairfax, VA; Woodbridge, VA; Columbus, GA; Tustin, CA; Vista, CA, PrimeCare, VA;
and Chrysler's Kenosha, WI/Newark, DE projects to support the sale/disposition
of those activities.
<PAGE>
Schedule 8
PHP Healthcare Corporation
Case #98-2608 (MFW)
For the month ended March 31, 1999
Additional information for questionnaire
Question #
1.
During the current month, the contract for the operations of the Richard
Campbell Nursing Home in Anderson, SC was sold to Health Management Resources,
Inc. ($92,500). This amount is reflected in cash receipts on page 2.
3.
Certain payments have been made in the ordinary course for certain subsidiaries,
Prime Care Associates and Health Cost Consultants, primarily related to fringe
benefits and federal payroll taxes. These amounts are reflected in cash
disbursements on page 2.
4.
In accordance with orders from the Bankruptcy Court, prepetition amounts were
paid for employee benefits and critical vendors. These amounts are reflected in
cash disbursements on page 2.
