<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
August 31, 1999
Date of Report
(Earliest Reported
Event is August 1, 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 August 1999 (the
"Monthly Report") with the Office of the U.S. Trustee and the Bankruptcy Court
on September 17, 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 September 17, 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: August 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 September 17, 1999.
<PAGE>
CASH BASIS-1
Office of the United States Trustee - Region 3
Monthly Operating Report
For the month ending August, 1999
================================================================================
Document Previously Explanation
Required Attachments Attached Submitted Attached
1. Tax Receipts N/A ( ) ( ) ( )
2. Bank Statements (X) ( ) ( )
3. Most Recently Filed (X) ( ) ( )
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:
<TABLE>
<S> <C>
/s/ Anthony M. Picini Executive V.P.
------------------------------------------- -------------------------------
SIGNATURE OF RESPONSIBLE PARTY TITLE
Anthony M. Picini 9/16/99
------------------------------------------- -------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER
------------------------------------------- _______________________________
SIGNATURE OF PREPARER TITLE
------------------------------------------- _______________________________
PRINTED NAME OF PREPARER DATE
</TABLE>
All Chapter 11 debtors must file this report with the Court and serve a copy on
United States Trustee no later than the 15th day of the month following the end
of the month covered by this report.
<PAGE>
CASH BASIS-2
<TABLE>
<CAPTION>
Aug-99 MONTH ENDING
----------------------
- ----------------------------------------------------------------------------------------------------------------------
CASH RECEIPTS AND MONTH MONTH MONTH
---------------------------------------------------------------------
DISBURSEMENTS 6/30/99 7/31/99 8/31/99
<S> <C> <C> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Cash -Beginning of Month 4,682,689 4,017,046 3,289,583
- ----------------------------------------------------------------------------------------------------------------------
Receipts
- ----------------------------------------------------------------------------------------------------------------------
2 Cash Sales 164,916 12,362 0
- ----------------------------------------------------------------------------------------------------------------------
3 Accounts Receivable Collections 106,712 0 0
- ----------------------------------------------------------------------------------------------------------------------
4 Loans & Advances
- ----------------------------------------------------------------------------------------------------------------------
5 Sale of Assets (attachment 2C) 0 0 2,140,002
- ----------------------------------------------------------------------------------------------------------------------
6 Lease & Rental Income
- ----------------------------------------------------------------------------------------------------------------------
7 Wages
- ----------------------------------------------------------------------------------------------------------------------
8 Other (Attach List) (attachment 2A) 1,018,241 699,499 1,053,832
- ----------------------------------------------------------------------------------------------------------------------
9 Total Receipts (total lines 2-8) 1,289,870 711,860 3,193,834
- ----------------------------------------------------------------------------------------------------------------------
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) 798,008 579,490 515,442
- ----------------------------------------------------------------------------------------------------------------------
29 Total Lines 10 thru 28 798,008 579,490 515,442
- ----------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
- ----------------------------------------------------------------------------------------------------------------------
30 Professional Fees 781,979 656,256 552,712
- ----------------------------------------------------------------------------------------------------------------------
31 U.S. Trustee Fees 10,000 0
- ----------------------------------------------------------------------------------------------------------------------
32 Other (Attach List) (attachment 2D) 375,526 193,576 2,164,896
- ----------------------------------------------------------------------------------------------------------------------
33 Total Lines 30 thru 32 1,157,505 859,833 2,717,609
- ----------------------------------------------------------------------------------------------------------------------
34 Total Disbursements (line 29+line 33) 1,955,513 1,439,323 3,233,050
- ----------------------------------------------------------------------------------------------------------------------
35 Net Cash Flow (line 9 - line 34) (665,643) (727,463) (39,216)
- ----------------------------------------------------------------------------------------------------------------------
36 Cash - End of Month (line 1 + line 35) 4,017,046 3,289,583 3,250,368
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP HEALTHCARE CORP.
Other Receipts
August 1999
<TABLE>
<CAPTION>
======================================================================================================
Description Net Amount
======================================================================================================
<S> <C> <C>
Tony Picini Executive loan repayment 4,000.00
Benicor Cobra Payments 9,905.46
Alegent Health Lease Receipt 9,152.50
Interest Income Nations Repurchase Program 14,965.97
Key Man Life Insurance Cash Surrender 31,770.01
Keen Realty Refund of Deposit 10,000.00
Levitz, Rockwood, et. al. CHE Settlement 200,000.00
Social Workers Collection of receivables after sale of contract 51,894.12
(receivables were forwarded to Sterling Medical Associates)
PMG Payments on Intercompany Receivables 707,641.06
Miscellaneous Refunds 14,503.09
------------------------------------------------------------------------------------------------------
Total Other Receipts 1,053,832.21
======================================================================================================
</TABLE>
Attachment 2A
<PAGE>
PHP HEALTHCARE CORP.
EXPENSES - CASH BASIS
August 1999
<TABLE>
<CAPTION>
============================================================================
Description Net Activity
============================================================================
<S> <C>
Net Payroll 150,720
Payroll Taxes and Withholdings 109,909
Legal 30,882
Deposits 538
Contract-Consultant 31,941
Contract-Office Temps 39,094
Fringe Benefits 31,267
Office Supply Expense 1,342
Utilities 37
Bldg & Office Expense 80,762
Business Taxes/Licenses 3,248
Business Travel & Meals 316
Interest Expense 236
Misc. Expense 16,176
----------------------------------------------------------------------------
Total Disbursements 515,442
============================================================================
</TABLE>
Attachment 2B
<PAGE>
PHP HEALTHCARE CORPORATION
Sale of Assets
August 1999
<TABLE>
<CAPTION>
======================================================================================================
Contract Sale/
Asset Sale Price
======================================================================================================
<S> <C> <C>
Oncology Hematology West, P.C. Sale of Omaha, NE Property 408,499.60
Daniel Morris P.C. Sale of Virginia Beach, VA Property 618,678.27
Marvin A. Trott Jr. Sale of Jacksonville, NC Property 443,425.10
East Coast Investment Co., Inc. Sale of North Charleston, SC Property 669,399.10
------------------------------------------------------------------------------------------------------
Total Asset Sales 2,140,002.07
======================================================================================================
</TABLE>
Attachment 2C
<PAGE>
PHP HEALTHCARE CORP.
NationsBank Concentration Account 375 052 7254
Cash Disbursements
August 1999
<TABLE>
<CAPTION>
=========================================================================================
Vendor Description TOTAL
=========================================================================================
<S> <C> <C>
Sterling Medical Associates Social Worker Receipts 51,894.12
Corporate Credit Services Omaha, VA Beach & Jacksonville 1,443,602.97
Corporate Credit Services Charleston Property Sale Proceeds 669,399.10
-----------------------------------------------------------------------------------------
Total 2,164,896.19
=========================================================================================
</TABLE>
Attachment 2D
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------
CASH DISBURSEMENTS DETAIL MONTH: Aug-99
------------------------
(Attach sheets if necessary)
- ------------------------------------------------------------------------------------------------------------------------
CASH DISBURSEMENTS
- ------------------------------------------------------------------------------------------------------------------------
DATE PAYEE PURPOSE AMOUNT
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------
Various Various (See attachment 3A) 2,277,020
-------------------------------------------------------------------------------------------------------------
8/1-31/99 Various (See attachment 3C) 294,760
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Total Cash Disbursements 2,571,780
-------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------------------------------------
BANK ACCOUNT DISBURSEMENTS
-------------------------------------------------------------------------------------------------------------
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------
Various 8/1-31/99 Various (See attachment 3B) 510,550
- ------------------------------------------------------------------------------------------------------------------------
Various 8/1-31/99 Various Net Payroll 150,720
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Total Bank Account Disbursements 661,271
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
TOTAL DISBURSEMENTS FOR THE MONTH 3,233,050
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP HEALTHCARE CORP.
NationsBank Concentration Account 375 052 7254
Cash Disbursements
August 1999
<TABLE>
<CAPTION>
==================================================================================================================================
Note Payable Payroll Bank Sterling Med
AUG Vendor Description LOC Taxes Fees Associates TOTAL
==================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
4 Sterling Medical Social Worker Receipts 51,894.12 51,894.12
Associates
5 ADP Payroll 42,410.43 42,410.43
12 Corporate Credit Omaha, VA Beach & 1,443,602.97 1,443,602.97
Services Jacksonville
19 ADP Payroll 49,047.01 49,047.01
23 Nationsbank Account Analysis Fee - Concentration 2,102.09 2,102.09
23 Nationsbank Account Analysis Fee - Payroll 89.45 89.45
23 Nationsbank Account Analysis Fee - Executive 23.07 23.07
25 ADP Payroll (2,087.48) (2,087.48)
26 Corporate Credit Charleston Property Sale 669,399.10 669,399.10
Services Proceeds
30 ADP Payroll 20,539.14 20,539.14
- ----------------------------------------------------------------------------------------------------------------------------------
Total 2,113,002.07 109,909.10 2,214.61 51,894.12 2,277,019.90
==================================================================================================================================
</TABLE>
<PAGE>
CASH BASIS-4
<TABLE>
<CAPTION>
- ----------------------------------
ACCOUNTS RECEIVABLE MONTH: Aug-99
--------------------------
Accounts Receivable -Trade
- -------------------------------------------------------------------------------------------------------------
<S> <C>
Total accounts receivable at the beginning of the period 104,271
- -------------------------------------------------------------------------------------------------------------
Amounts billed during the period, net of adjustments 0
- -------------------------------------------------------------------------------------------------------------
Amounts collected during the period 0
- -------------------------------------------------------------------------------------------------------------
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) 64,504,723
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
TOTAL 64,504,723
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
INVENTORY AMOUNT
- -------------------------------------------------------------------------------------------------------------
Beginning inventory 0
- -------------------------------------------------------------------------------------------------------------
Plus Purchases
- -------------------------------------------------------------------------------------------------------------
Minus Sales
- -------------------------------------------------------------------------------------------------------------
Ending Inventory 0
- -------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP Healthcare Corp.
Amounts Due from Affiliates & Insiders
August 31, 1999
<TABLE>
<CAPTION>
Exec Loan Program Amount
----------------- ------
<S> <C>
Jack Mazur 5,612,423
Michael Starr 1,429,653
Anthony Picini 140,354
William Lubin 179,291
Kenneth Weixel 284,605
Robert Bowles 464,786
Frank Provato 138,826
----------------------------------------------------------------
Subtotal 8,249,939
----------------------------------------------------------------
Other Notes Receivable
----------------------
Robert Bowles 705,833
Kenneth Weixel-Employment 80,000
Kenneth Weixel-Other 282,966
G&L Realty 2,184,167
Shamrock Investments 984,230
----------------------------------------------------------------
Subtotal 4,237,196
----------------------------------------------------------------
Due from Subsidiaries
---------------------
Pinnacle Health Enterprises, LLC 23,858,130
Pinnacle Medical Group, PA 22,417,353
All other subsidiaries 5,742,104
----------------------------------------------------------------
Subtotal 52,017,588
----------------------------------------------------------------
----------------------------------------------------------------
Grand Total 64,504,723
================================================================
</TABLE>
Attachment 4A
10
<PAGE>
<TABLE>
<CAPTION>
MONTH: Aug-99
-------------------
UNPAID POSTPETITION PAYABLES AND AGING AMOUNT
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Postpetition items
- -----------------------------------------------------------------------------------------------------------------
Reorganization Expenses
- -----------------------------------------------------------------------------------------------------------------
Professional Fees 621,076
- -----------------------------------------------------------------------------------------------------------------
U.S. Trustee Fees
- -----------------------------------------------------------------------------------------------------------------
Court Fees
- -----------------------------------------------------------------------------------------------------------------
Trade Debt 11,353
- -----------------------------------------------------------------------------------------------------------------
Other (attach list) (Report tax in next section only)
- -----------------------------------------------------------------------------------------------------------------
AGING 0-30 31'-60 61-90 90 +
PAYABLES DAYS DAYS DAYS DAYS TOTAL
- -----------------------------------------------------------------------------------------------------------------
632,429 0 0 0 632,429
- -----------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<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** 0 57,998 57,998 0
- -----------------------------------------------------------------------------------------------------------------
FICA Employee** 0 18,501 18,501 0
- -----------------------------------------------------------------------------------------------------------------
FICA Employer** 0 18,501 18,501 0
- -----------------------------------------------------------------------------------------------------------------
Unemployment 0 52 52 0
- -----------------------------------------------------------------------------------------------------------------
Income - -
- -----------------------------------------------------------------------------------------------------------------
Other (Attach List)
Total Federal Taxes - 95,053 95,053 - -
- -----------------------------------------------------------------------------------------------------------------
State and Local
- -----------------------------------------------------------------------------------------------------------------
Withholding 0 14,837 14,837 0
- -----------------------------------------------------------------------------------------------------------------
Sales
- -----------------------------------------------------------------------------------------------------------------
Excise
- -----------------------------------------------------------------------------------------------------------------
Unemployment 0 19 19 0
- -----------------------------------------------------------------------------------------------------------------
Real Property
- -----------------------------------------------------------------------------------------------------------------
Personal Property
- -----------------------------------------------------------------------------------------------------------------
Other (Attach List)
- -----------------------------------------------------------------------------------------------------------------
Total State & Local 0 14,856 14,856 0 0
- -----------------------------------------------------------------------------------------------------------------
Total Taxes 0 109,909 109,909 0 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>
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: Aug-99
- --------------------------------------------- ---------------------------------------------
BANK RECONCILIATIONS
Account #1 Account #2 Account #3 Account #4
<S> <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 8/31/99 3,250,368
- -------------------------------------------------------------------------------------------------------------
6 Number of Last Check Written
- -------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<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
- -------------------------------------------------------------------------------------------------------------
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 8/31/99 3,250,368
- -------------------------------------------------------------------------------------------------------------
Please attach copies of BANK STATEMENTS.
</TABLE>
<PAGE>
PHP Healthcare Corporation
Cash Balances
8/31/99
<TABLE>
<CAPTION>
===============================================================================================
G/L Balance
Bank Title Account # 8/31/99
===============================================================================================
<S> <C> <C> <C>
NationsBank Concentration 375 052 7254 3,287,774
NationsBank Payroll 375 001 8420 16,480
NationsBank Executive 375 052 6886 2,104
NationsBank Accounts Payable-Post-Petition 375 123 3738 (55,989)
-----------------------------------------------------------------------------------------------
Total 3,250,368
===============================================================================================
</TABLE>
Attachment 6A
<PAGE>
CASH BASIS-7
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
- --------------------------------------------------------------------------------------------------------------
<S> <C>
MONTH: August-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>
<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 23,577 -
- --------------------------------------------------------------------------------------------------------------
4 J. Hercenberg Senior Vice President Salary 7,867 -
- --------------------------------------------------------------------------------------------------------------
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 31,444 -
- --------------------------------------------------------------------------------------------------------------
</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 &
Finger Legal Fees - 8/10/99 225,700 185,562 1,093,476
- --------------------------------------------------------------------------------------------------------------
2 The Bayard Firm Legal Fees - 8/5/99 7,760 6,214 45,843
- --------------------------------------------------------------------------------------------------------------
3 Cole, Schotz, Meisel,
Forman Legal Fees - 8/11/99 44,683 36,251 472,355
- --------------------------------------------------------------------------------------------------------------
4 Comey, Boyd & Luskin Legal Fees - 8/5/99 138,755 111,953 510,320
- --------------------------------------------------------------------------------------------------------------
5 Weil Gotshal &
Manges, LLP Legal Fees 0 0 63,775
- --------------------------------------------------------------------------------------------------------------
6 Arthur Andersen, LLP Professional Fees - 8/10/99 49,345 39,846 457,388
- --------------------------------------------------------------------------------------------------------------
7 Pricewaterhouse
Coopers, LLP Professional Fees - 8/4/99 124,041 102,144 1,343,300
- ---------------------------------------------------------------------------------------------------------------
8 Sugarman & Company, Professional Fees - 8/27/99 86,661 70,743 477,760
LLP
- ---------------------------------------------------------------------------------------------------------------
Total Payments to Professionals 676,946 552,712 4,464,217
- --------------------------------------------------------------------------------------------------------------
</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 7,054 7,054 -
- --------------------------------------------------------------------------------------------------------------
2
- --------------------------------------------------------------------------------------------------------------
3
- --------------------------------------------------------------------------------------------------------------
4
- --------------------------------------------------------------------------------------------------------------
5
- --------------------------------------------------------------------------------------------------------------
Total 7,054 7,054 -
- --------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CASH BASIS-8
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------
QUESTIONNAIRE
MONTH: August-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 August 31, 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 and payroll related taxes. These amounts are
reflected in cash disbursements on page 2.
Attachment 8A
<PAGE>
PHP Healthcare Corporate Insurance
<TABLE>
<CAPTION>
Policy Type Carrier Term Coverage
<S> <C> <C> <C>
Real/Personal Property Travelers 12/31/98-99 $ 30.4
Indemnity
Auto Wausau 12/31/98-99 $ 1M
Lawyers Malpractice Executive 6/30/99-00 $ 1M
Risk
Directors & Officers (D&O) Tamarack 3/31/99-00 $ 5M
American
D&O Extended Reporting National 3/30/99-00 $ 15M
Period Union
Employment Practices Zurich 4/15/99-00 $ 1M
Liability
General Liability Trans- 5/01/99-00
America $ 2M
Dishonesty/Forgery/Theft Gulf 12/31/97-00 $ 1M
Insurance
Workers Compensation Wausau 12/31/98-99 By Law
Medical Malpractice Professional Unlimited $1M/3M
"Tail" Coverage * Underwriters 7 years $4M/4M
Fiduciary Responsibility Chubb 12/31/98-99 $ 3M
</TABLE>
* 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.
Attachment 8B
<PAGE>
CAS BASIS-9
<TABLE>
<CAPTION>
MONTH: August-99
- ----------------------------------------------------------------------------------------------------------------
PERSONNEL
- ----------------------------------------------------------------------------------------------------------------
Full Time Part Time
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 Total number of employees at beginning of period 23
- ----------------------------------------------------------------------------------------------------------------
2 Number of employees hired during period 0
- ----------------------------------------------------------------------------------------------------------------
3 Number of employees terminated or resigned during the period 3
- ----------------------------------------------------------------------------------------------------------------
4 Total number of employees at the end of the period 20
- ----------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------
CHANGE OF ADDRESS
- ----------------------------------------------------------------------------------------------------------------
</TABLE>
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: _____________________________________
_____________________________________
_____________________________________
