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
Date of Report (Date of earliest event reported): January 26, 1998
LabOne, Inc.
----------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-15975 48-0952323
-------------------- ----------- -------------
(State or other jurisdiction (Commission (I. R. S. Employer
of incorporation File Number) Identification No.)
10310 W. 84th Terrace, Lenexa, KS 66214
---------------------------------------- -------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 913-888-1770
Page 1 of 2
Item 5. Other Events
LabOne, Inc. reported a net loss of $2.4 million for the fourth quarter 1997,
which includes a one-time, non-cash, pre-tax write off of $6.6 million related
to the anticipated sale of its current facilities. Construction of the
Company's new facility is currently underway with completion scheduled for
early 1999. The net loss of $2.4 million or $0.18 per share compared to net
earnings of $1.0 million or $0.08 per share for the fourth quarter 1996.
Excluding the one-time write off, LabOne would have reported net earnings of
$1.6 million or $0.12 per share for the fourth quarter.
Additionally, LabOne announced that BlueCross BlueShield of Tennessee has
selected LabOne to provide routine outpatient laboratory testing services for
BlueCare members throughout Tennessee. Approximately 425,000 BlueCare members
will be covered by the program. BlueCare is BlueCross BlueShield of
Tennessee's plan for Tenncare participants.
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.
LabOne, Inc.
Date: January 26, 1998 By /s/ Kurt E. Gruenbacher
----------------------------
Kurt E. Gruenbacher
V.P. Finance, C.A.O. and
Treasurer
Date: January 26, 1998 By /s/ Robert D. Thompson
----------------------------
Robert D. Thompson
Executive V.P. Finance and
Chief Financial Officer
Page 2
