<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
July 30, 1999
Date of Report
(Earliest Reported
Event is July 15, 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)
1850 Centennial 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 June 1999 (the
"Monthly Report") with the Office of the U.S. Trustee and the Bankruptcy Court
on July 15, 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 July 15, 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: July 30, 1999
<PAGE>
EXHIBIT INDEX
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 July 15, 1999.
<PAGE>
EXHIBIT 99.1
Debtor : PHP HEALTHCARE CORPORATION CASH BASIS - 1
Case No: 98-2608 (MFW)
OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
MONTHLY OPERATING REPORT
for the month ending June, 1999
================================================================================
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 July 15, 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 Court
and 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.
<PAGE>
Debtor : PHP HEALTHCARE CORPORATION CASH BASIS-2
Case No: 98-2608(MFW)
Jun-99 MONTH ENDING
-----------
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
CASH RECEIPTS AND MONTH MONTH MONTH
DISBURSEMENTS 4/30/99 5/31/99 6/30/99
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 Cash -Beginning of Month 3,478,750 3,148,806 4,682,689
- --------------------------------------------------------------------------------------------------------------------
Receipts
- --------------------------------------------------------------------------------------------------------------------
2 Cash Sales 140,401 84,368 164,916
- --------------------------------------------------------------------------------------------------------------------
3 Accounts Receivable Collections 5,239,946 4,728,817 106,712
- --------------------------------------------------------------------------------------------------------------------
4 Loans & Advances
- --------------------------------------------------------------------------------------------------------------------
5 Sale of Assets (attachment 2C) 3,016,784 2,191,900 0
- --------------------------------------------------------------------------------------------------------------------
6 Lease & Rental Income
- --------------------------------------------------------------------------------------------------------------------
7 Wages
- --------------------------------------------------------------------------------------------------------------------
8 Other (Attach List) (attachment 2A) 7,077,550 1,429,093 1,018,241
- --------------------------------------------------------------------------------------------------------------------
9 Total Receipts (total lines 2-8) 15,474,680 8,434,178 1,289,870
- --------------------------------------------------------------------------------------------------------------------
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) 5,056,745 1,662,418 798,008
- --------------------------------------------------------------------------------------------------------------------
29 Total Lines 10 thru 28 5,056,745 1,662,418 798,008
- --------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
- --------------------------------------------------------------------------------------------------------------------
30 Professional Fees 540,138 560,511 781,979
- --------------------------------------------------------------------------------------------------------------------
31 U.S. Trustee Fees
- --------------------------------------------------------------------------------------------------------------------
32 Other (Attach List) (attachment 2D) 10,207,741 4,677,366 375,526
- --------------------------------------------------------------------------------------------------------------------
33 Total Lines 30 thru 32 10,747,879 5,237,877 1,157,504
- --------------------------------------------------------------------------------------------------------------------
34 Total Disbursements (line 29+line 33) 15,804,624 6,900,295 1,955,513
- --------------------------------------------------------------------------------------------------------------------
35 Net Cash Flow (line 9 - line 34) (329,944) 1,533,883 (665,643)
- --------------------------------------------------------------------------------------------------------------------
36 Cash - End of Month (line 1 + line 35) 3,148,806 4,682,689 4,017,046
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP HEALTHCARE CORP.
Other Receipts
June 1999
================================================================================
Description Net Amount
================================================================================
Meridian Working capital adjustment 498,356.41
Tony Picini Executive loan repayment 10,000.00
VA Chartered Settlement of the intercompany account
balance 56,047.13
State of Arkansas Settlement of claim with the Department
of Corrections 42,495.97
Interest Income Nations Repurchase Program 17,018.42
Family Practice Collection of receivables after sale of
contract (receivables were forwarded to
Sterling Medical Associates) 113,680.96
Social Workers Collection of receivables after sale of
contract (receivables were forwarded to
Sterling Medical Associates) 280,642.51
- --------------------------------------------------------------------------------
Total Other Receipts 1,018,241.40
================================================================================
Attachment 2A
<PAGE>
PHP HEALTHCARE CORP.
EXPENSES - CASH BASIS
June 1999
<TABLE>
<CAPTION>
===============================================================================
Description Net Activity
===============================================================================
<S> <C>
Net Payroll 168,930
Payroll Taxes 215,615
Payroll W/H's 178
Insurance 54,072
Legal 5,729
Professional Fees 6,922
Deposits 1,000
Contract-Consultant 59,696
Contract-Office Temps 37,113
Fringe Benefits 13,815
Claims-Other A/P 1,403
Medical Supplies 27,794
Office Supply Expense 3,268
Utilities 29,583
Bldg & Office Expense 140,910
Professional Dues & Subs 710
Business Travel & Meals 627
Prior Period Adjustment 26,719
Misc. Expense 3,926
-------------------------------------------------------------------------------
Total Disbursements 798,008
===============================================================================
</TABLE>
Attachment 2B
<PAGE>
PHP HEALTHCARE CORPORATION
Other Disbursements
June 1999
<TABLE>
<CAPTION>
===================================================================
Sterling Med.
Associates Total
===================================================================
<S> <C> <C>
Family Practice Receipts 113,680.96 113,680.96
Social Workers Receipts 261,844.59 261,844.59
- -------------------------------------------------------------------
Total Other Disbursements 375,525.55 375,525.55
===================================================================
</TABLE>
Attachment 2D
<PAGE>
Debtor : PHP HEALTHCARE CORPORATION CASH BASIS - 3
Case No: 98-2608 (MFW)
<TABLE>
<CAPTION>
- ---------------------------------
CASH DISBURSEMENTS DETAIL MONTH: Jun-99
(Attach sheets if necessary) --------
- ------------------------------------------------------------------------------------------------------------------------
CASH DISBURSEMENTS
<S> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------
DATE PAYEE PURPOSE AMOUNT
- ------------------------------------------------------------------------------------------------------------------------
Various Various (See attachment 3A) 580,476
- ------------------------------------------------------------------------------------------------------------------------
6/1-30/99 Various (See attachment 3C) 288,829
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Total Cash Disbursements 869,305
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
BANK ACCOUNT DISBURSEMENTS
- ------------------------------------------------------------------------------------------------------------------------
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Various 6/1-30/99 Various (See attachment 3B) 917,278
- ------------------------------------------------------------------------------------------------------------------------
Various 6/1-30/99 Various Net Payroll 168,930
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Total Bank Account Disbursements 1,086,208
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
TOTAL DISBURSEMENTS FOR THE MONTH 1,955,513
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP HEALTHCARE CORP.
NationsBank Concentration Account 375 052 7254
CASH DISBURSEMENTS - JUNE 1999
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Payroll Sterling Medical Misc.
JUN Vendor Description Taxes Associates Inc./Exp. TOTAL
==================================================================================================================================
<S> <C> <C> <C> <C> <C>
1 PHP - FIT & FICA 48,149.28
1 PHP - FIT & FICA 15,712.94
2 PHP - FIT & FICA 1,039.55
2 PHP - VA Tax w/h 5,413.79
2 PHP - VA Tax w/h 269.51
3 Sterling Medical Social Worker Receipts
Associates 15,576.59
3 PHP - FIT & FICA 8,316.66
4 Sterling Medical Social Worker Receipts
Associates 12,445.20
4 PHP - VA Tax w/h 673.49
9 Sterling Medical Family Practice Receipt
Associates 14,949.32
10 ADP Payroll 44,709.79
10 Sterling Medical Social Worker Receipts
Associates 4,544.61
11 PHP - FICA 7,156.24
14 Sterling Medical Family Practice Receipt 16,099.64
Associates
15 Misc. Misc. 150.00
15 PHP - SC Tax w/h 139.54
16 PHP - MD Tax w/h 7,062.98
17 Sterling Medical Social Worker Receipts
Associates 7,838.61
24 ADP Payroll 45,120.46
25 Sterling Medical Social Worker Receipts
Associates 25,825.00
28 Sterling Medical Family Practice Receipt
Associates 14,257.76
29 Sterling Medical Social Worker Receipts
Associates 140,997.01
30 ADP Payroll 21,764.84
30 Sterling Medical Family Practice & Social
Associates Workers 122,991.81
30 ADP Payroll Adjustment (728.55)
- ----------------------------------------------------------------------------------------------------------------------------------
Total 204,800.52 375,525.55 150.00 580,476.07
==================================================================================================================================
</TABLE>
Attachment 3A
<PAGE>
CASH BASIS-4
<TABLE>
<CAPTION>
- ------------------------------
ACCOUNTS RECEIVABLE MONTH: Jun-99
Accounts Receivable -Trade -----------------------
- ---------------------------------------------------------------------------------------------------------------------
<S> <C>
Total accounts receivable at the beginning of the period 210,983
- ---------------------------------------------------------------------------------------------------------------------
Amounts billed during the period, net of adjustments 0
- ---------------------------------------------------------------------------------------------------------------------
Amounts collected during the period 106,712
- ---------------------------------------------------------------------------------------------------------------------
Total accounts receivable at the end of the period 104,271
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE AGING AMOUNT
- ---------------------------------------------------------------------------------------------------------------------
0 - 30 days old 0
- ---------------------------------------------------------------------------------------------------------------------
30 - 60 days old 0
- ---------------------------------------------------------------------------------------------------------------------
61 - 90 days old 0
- ---------------------------------------------------------------------------------------------------------------------
91 + days old 104,271
- ---------------------------------------------------------------------------------------------------------------------
TOTAL ACCOUNTS RECEIVABLE 104,271
- ---------------------------------------------------------------------------------------------------------------------
TOTAL CONSIDERED UNCOLLECTIBLE 0
- ---------------------------------------------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE (NET) 104,271
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
AMOUNTS DUE FROM AFFILIATES & INSIDERS (ITEMIZE) AMOUNT
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
(See attachment 4A) 65,600,074
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
TOTAL 65,600,074
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
INVENTORY AMOUNT
- ---------------------------------------------------------------------------------------------------------------------
Beginning inventory 0
- ---------------------------------------------------------------------------------------------------------------------
Plus Purchases
- ---------------------------------------------------------------------------------------------------------------------
Minus Sales
- ---------------------------------------------------------------------------------------------------------------------
Ending Inventory 0
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP Healthcare Corp.
Amounts Due from Affiliates & Insiders
June 30, 1999
<TABLE>
<CAPTION>
Exec Loan Program Amount
----------------- ------
<S> <C>
Jack Mazur 5,485,515
Michael Starr 1,397,326
Anthony Picini 146,843
William Lubin 175,237
Kenneth Weixel 290,692
Robert Bowles 454,276
Frank Provato 135,687
--------------------------------------------------------
Subtotal 8,085,576
--------------------------------------------------------
Other Notes Receivable
----------------------
Robert Bowles 698,042
Kenneth Weixel-Employment 80,000
Kenneth Weixel-Other 278,203
G&L Realty 2,156,306
Shamrock Investments 973,529
--------------------------------------------------------
Subtotal 4,186,079
--------------------------------------------------------
Due from Subsidiaries
---------------------
Pinnacle Health
Enterprises, LLC 23,558,874
Pinnacle Medical Group, PA 22,439,645
All other subsidiaries 7,329,900
--------------------------------------------------------
Subtotal 53,328,418
--------------------------------------------------------
--------------------------------------------------------
Grand Total 65,600,074
========================================================
</TABLE>
Attachment 4A
<PAGE>
CASH BASIS-5
MONTH: Jun-99
----------
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
UNPAID POSTPETITION PAYABLES AND AGING AMOUNT
- -------------------------------------------------------------------------------------------------------------------------
<S> <C>
Postpetition items
- -------------------------------------------------------------------------------------------------------------------------
Reorganization Expenses
- -------------------------------------------------------------------------------------------------------------------------
Professional Fees 949,560
- -------------------------------------------------------------------------------------------------------------------------
U.S. Trustee Fees
- -------------------------------------------------------------------------------------------------------------------------
Court Fees
- -------------------------------------------------------------------------------------------------------------------------
Trade Debt 8,158
- -------------------------------------------------------------------------------------------------------------------------
Other (attach list) (Report tax in next section only)
- -------------------------------------------------------------------------------------------------------------------------
AGING 0-30 31'-60 61-90 90 +
PAYABLES DAYS DAYS DAYS DAYS TOTAL
- -------------------------------------------------------------------------------------------------------------------------
950,346 215 302 6,854 957,717
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
STATUS OF POST PETITION TAXES
- -------------------------------------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING
TAX WITHHELD AMOUNT TAX DELINQUENT
LIABILITY* OR ACCRUED PAID LIABILITY TAXES
- -------------------------------------------------------------------------------------------------------------------------
Federal
- -------------------------------------------------------------------------------------------------------------------------
Withholding** 50,630 54,374 105,004 0
- -------------------------------------------------------------------------------------------------------------------------
FICA Employee** 11,272 23,335 34,607 0
- -------------------------------------------------------------------------------------------------------------------------
FICA Employer** 11,316 23,335 34,651 0
- -------------------------------------------------------------------------------------------------------------------------
Unemployment 2,931 1,148 1,148 2,931
- -------------------------------------------------------------------------------------------------------------------------
Income - -
- -------------------------------------------------------------------------------------------------------------------------
Other (Attach List)
- -------------------------------------------------------------------------------------------------------------------------
Total Federal Taxes 76,150 102,192 175,410 2,932 -
- -------------------------------------------------------------------------------------------------------------------------
State and Local
- -------------------------------------------------------------------------------------------------------------------------
Withholding 18,017 16,500 33,385 1,132
- -------------------------------------------------------------------------------------------------------------------------
Sales
- -------------------------------------------------------------------------------------------------------------------------
Excise
- -------------------------------------------------------------------------------------------------------------------------
Unemployment 8,082 467 467 8,082
- -------------------------------------------------------------------------------------------------------------------------
Real Property
- -------------------------------------------------------------------------------------------------------------------------
Personal Property
- -------------------------------------------------------------------------------------------------------------------------
Other (Attach List)
- -------------------------------------------------------------------------------------------------------------------------
Total State & Local 26,100 16,967 33,852 9,215 0
- -------------------------------------------------------------------------------------------------------------------------
Total Taxes 102,249 119,159 209,262 12,147 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.
<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.
MONTH: Jun-99
- ---------------------------- -----------------------------
BANK RECONCILIATIONS
Account #1 Account #2 Account #3 Account #4
- --------------------------------------------------------------------------------
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 5/31/99 4,682,689
- --------------------------------------------------------------------------------
6 Number of Last Check Written
- --------------------------------------------------------------------------------
- -----------------------------
INVESTMENT ACCOUNTS
- --------------------------------------------------------------------------------
Date of Type of Purchase Current
BANK, ACCOUNT NAME & NUMBER Purchase Instrument Price Value
- --------------------------------------------------------------------------------
7
- --------------------------------------------------------------------------------
8
- --------------------------------------------------------------------------------
9
- --------------------------------------------------------------------------------
10
- --------------------------------------------------------------------------------
11 Total Investment 0 0
- --------------------------------------------------------------------------------
- -----------------------------
CASH
- --------------------------------------------------------------------------------
12 Currency on Hand 0
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
13 TOTAL CASH - END OF MONTH (Total lines 5, 11 &12) As of 5/31/99 4,682,689
- --------------------------------------------------------------------------------
Please attach copies of BANK STATEMENTS.
<PAGE>
PHP Healthcare Corporation
Cash Balances
6/30/99
<TABLE>
<CAPTION>
=====================================================================================
G/L Balance
Bank Title Account # 5/31/99
=====================================================================================
<S> <C> <C> <C>
NationsBank Concentration 375 052 7254 4,718,067.94
NationsBank Accounts
Payable-Pre-Petition 375 001 8417 0.00
NationsBank Payroll 375 001 8420 10,242.00
NationsBank Executive 375 052 6886 2,150.51
NationsBank Accounts
Payable-Post-Petition 375 123 3738 (47,771.28)
- -------------------------------------------------------------------------------------
Total 4,682,689.17
=====================================================================================
</TABLE>
Attachment 6A
<PAGE>
CASH BASIS-7
- --------------------------------------------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
- --------------------------------------------------------------------------------
MONTH: June-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 -
- ----------------------------------------------------------------------------------------------------------------
2 M Starr Senior Executive Vice President Salary -
- ----------------------------------------------------------------------------------------------------------------
3 A. Picini Executive Vice President Salary 23,077 -
- ----------------------------------------------------------------------------------------------------------------
4 J. Hercenberg Senior Vice President Salary 21,854 -
- ----------------------------------------------------------------------------------------------------------------
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 44,731 -
- ----------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------
PROFESSIONALS
- ----------------------------------------------------------------------------------------------------------------
DATE OF COURT TOTAL
ORDER AUTH. AMOUNT AMOUNT PAID
NAME PAYMENT APPROVED PAID TO DATE (cumulative)
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 Richards, Layton & Legal Fees - 6/14/99 105,355 87,592 761,513
Finger
- ----------------------------------------------------------------------------------------------------------------
2 The Bayard Firm Legal Fees - 6/3/99 6,897 5,665 15,340
- ----------------------------------------------------------------------------------------------------------------
3 Cole, Schotz,
Meisel, Forman Legal Fees - 6/9/99 73,485 59,447 317,917
- ----------------------------------------------------------------------------------------------------------------
4 Comey, Boyd & Luskin Legal Fees - 6/3/99 400,124 326,129 398,367
- ----------------------------------------------------------------------------------------------------------------
5 Weil Gotshal &
Manges, LLP Legal Fees 0 0 63,775
- ----------------------------------------------------------------------------------------------------------------
6 Arthur Andersen, LLP Professional Fees - 6/15/99 86,380 70,897 314,959
- ----------------------------------------------------------------------------------------------------------------
7 Pricewaterhouse
Coopers, LLP Professional Fees - 6/25/99 192,855 159,623 1,052,008
- ----------------------------------------------------------------------------------------------------------------
8 Sugarman &
Company, LLP Professional Fees - 6/3/99 87,589 72,625 331,370
- ----------------------------------------------------------------------------------------------------------------
Total Payments to Professionals 952,686 781,979 3,255,248
- ----------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<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>
1 MLC 41,614 41,614 -
- ----------------------------------------------------------------------------------------------------------------
2
- ----------------------------------------------------------------------------------------------------------------
3
- ----------------------------------------------------------------------------------------------------------------
4
- ----------------------------------------------------------------------------------------------------------------
5
- ----------------------------------------------------------------------------------------------------------------
Total 41,614 41,614 -
- ----------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
QUESTIONNAIRE
- ---------------------------------------------------------------------------------------------------------------------------------
MONTH: June-99 YES NO
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <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>
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>
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP Healthcare Corporation
Case #98-2608 (MFW)
For the month ended June 30, 1999
Additional information for questionnaire
Question #
3.
Certain payments have been made in the ordinary course of business for Health
Cost Consultants. 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. These amounts are reflected in cash disbursements
on page 2.
Attachment 8A
