SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A-1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 18, 1996
HEALTHCARE INVESTORS OF AMERICA, INC.
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(Exact name of registrant as specified in its charter)
Maryland 33-11863 86-0576027
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(State or other (Commission (IRS Employer
jurisdiction of File Identification
incorporation) Number) Number)
2990 N. Swan Road, Suite 228, Tucson, Arizona 85712
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (520) 326-2000
HARBOR AMERICAN HEALTH CARE TRUST, INC.
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(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a)(1)
(i) On December 18, 1996, Harbor American Health Care Trust,
Inc. (the "Trust") dismissed LaVoie, Clark, Charvoz & May
("LCC&M") as its independent accountants.
(ii) Each of the 1995 and 1994 Independent Auditor's Reports
issued by LCC&M was modified as follows: "The accompanying
financial statements have been prepared assuming that the
Trust will continue as a going concern. As discussed in
Note 1 to financial statements, the accumulation of losses
and carrying costs of an unleased facility raise a
substantial doubt about its ability to continue as a going
concern. Management's plans concerning these matters are
also described in Note 1. The financial statements do not
include any adjustments that might result from the outcome
of this uncertainty."
(iii) The decision to change accountants was approved by the
Board of Directors.
(iv) (A) During the fiscal years of the Trust ended December
31, 1995, December 31, 1994, and December 31, 1993,
and for the period from December 31, 1995 through
December 18, 1996, there were no disagreements between
LCC&M and the Trust, whether or not resolved, on any
matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure,
which, if not resolved to the former accountant's
satisfaction, would have caused it to make reference
to the subject matter of the disagreement in
connection with its reports.
(iv) (B) Not applicable
(iv) (C) Not applicable
(iv) (D) Not applicable
(iv) (E) Not applicable
(a)(2) The Trust has engaged Arthur Anderson LLP as the auditor
for the year ending December 31, 1996.
(i) and (ii) Not applicable
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<PAGE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits.
Exhibit 16 - Letter on Change in Certifying
Accountant
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<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 hereunto duly authorized.
Dated: January 7, 1997 HEALTHCARE INVESTORS OF AMERICA, INC.
By: /s/ Thomas F. Clarke
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Thomas F. Clarke, President
and Chief Financial Officer
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<PAGE>
LAVOIE, CLARK, CHARVOZ & MAY, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
3320 N. CAMPBELL AVENUE, SUITE 200
TUCSON, ARIZONA 85719
(520) 322-0966
FACSIMILE: (520) 881-7392
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read and agree with the comments in Item 4(a)(1) of Form 8-K/A-1
of Healthcare Investors of America, Inc., formerly known as Harbor
American Health Care Trust, Inc. dated January 7, 1997.
As a point of clarification, our firm has not been consulted in the
preparation of any of the interim filings with the Commission
during or related to the fiscal year ended December 31, 1996, nor has
it read or reviewed those filings. Accordingly, our concurrence
with the disclosures in the above-referenced Form 8-K should not be
construed as our agreement with the presentations, disclosures or
underlying accounting principles or practices that were utilized in
the preparation of those interim filings.
Sincerely,
/s/ LaVoie, Clark, Charvoz & May, P.C.
January 7, 1997
