HORIZON HEALTHCARE CORP
10-Q/A, 1995-05-18
SKILLED NURSING CARE FACILITIES
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<PAGE>


                               UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                           ___________________

                               FORM 10-Q/A
                             AMENDMENT NO. 1


           QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                     SECURITIES AND EXCHANGE ACT OF 1934

For Quarter Ended:  FEBRUARY 28, 1995

Commission File Number: 1-9369

                           ___________________


                     HORIZON HEALTHCARE CORPORATION
          (Exact name of registrant as specified in its charter)


    DELAWARE                                    91-1346899
(State or other jurisdiction                   (IRS Employer
of incorporation or organization)              Identification Number)

6001 INDIAN SCHOOL ROAD, N.E., SUITE 530, ALBUQUERQUE, NEW MEXICO   87110
(Address of principal executive offices)                            (Zip Code)
Registrant's telephone number, including area code:    (505) 881-4961


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such report(s), and (2) has been subject to
such filing requirements for the past 90 days.  Yes  XX    No
                                                    ----      ----

Shares of the registrant's Common Stock, $.001 par value, outstanding
exclusive of treasury stock, was 29,466,140 shares at April 6, 1995.

The registrant hereby amends the following items, financial statements,
exhibits or other portions of its Form 10-Q for the quarter ended
February 28, 1995 as set forth in the pages attached hereto:

     Part II - Other Information

Exhibit 27, the Financial Data Schedule, has been added.



<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this Amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.

                           HORIZON HEALTHCARE CORPORATION



Date: May 18, 1995                        By /s/ Ernest A. Schofield
                                              -----------------------------
                                            Ernest A. Schofield
                                            Senior Vice President and
                                            Chief Financial Officer


*Ernest A. Schofield is signing in the dual capacities as Principal
Accounting Officer and as a duly authorized officer of the Company.


<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FEBRUARY 28, 1995 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          MAY-31-1995
<PERIOD-START>                              JUN-1-1994
<PERIOD-END>                               FEB-28-1995
<EXCHANGE-RATE>                                      1
<CASH>                                          14,135
<SECURITIES>                                         0
<RECEIVABLES>                                  140,142
<ALLOWANCES>                                   (6,846)
<INVENTORY>                                      7,050
<CURRENT-ASSETS>                               173,832
<PP&E>                                         382,525
<DEPRECIATION>                                  22,029
<TOTAL-ASSETS>                                 683,701
<CURRENT-LIABILITIES>                           51,299
<BONDS>                                        215,163
<COMMON>                                            29
                                0
                                          0
<OTHER-SE>                                     398,040
<TOTAL-LIABILITY-AND-EQUITY>                   398,069
<SALES>                                              0
<TOTAL-REVENUES>                               459,457
<CGS>                                                0
<TOTAL-COSTS>                                  422,068
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                   348
<INTEREST-EXPENSE>                              13,335
<INCOME-PRETAX>                                 37,389
<INCOME-TAX>                                    14,555
<INCOME-CONTINUING>                             22,834
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    22,834
<EPS-PRIMARY>                                      .88
<EPS-DILUTED>                                      .88
        

</TABLE>


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