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: October 16, 1998
Lab Holdings, Inc.
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(Exact name of registrant as specified in its charter)
Missouri 0-16946 43-1039532
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(State of other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
5000 W. 95th Street, Suite 260
P. O. Box 7568
Shawnee Mission, KS 66207
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(Address of principal executive offices) (Zip code)
(913) 648-3600
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(Registrant's telephone number, including area code)
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(Registrant's former name or former address, if changed since last report)
Item 5. Other Events
On October 16, 1998, the Registrant issued the following news release:
"SHAWNEE MISSION, KS - Lab Holdings, Inc. announced today that LabOne,
Inc. (LabOne), its 81%-owned subsidiary, issued a press release relating to
a proposed acquisition of Systematic Business Systems, Inc. (SBSI),
Independence, Mo.
The text of LabOne's October 16, 1998 release is as follows:
`LENEXA, KS - LabOne, Inc. announced today that it has entered into an
agreement to acquire Systematic Business Systems, Inc. (SBSI),
Independence, Mo. SBSI is a provider of information services to life and
health insurers nationwide, and has annual revenues of approximately $7
million. With 150 employees in the Kansas City area, the company provides
telephone inspections, motor vehicle reports, attending physician
statements, and claims investigation services to life insurance companies.
SBSI will be a wholly owned subsidiary of LabOne. Terms of the agreement
have not been disclosed.
`We are delighted with the addition of SBSI to our family of services,'
said W. Thomas Grant II, chairman, president, and CEO of LabOne. `SBSI,
with its skill base and customer list, fits perfectly into our commitment
to provide integrated underwriting information solutions for our clients.
We hope to expand SBSI's client list and range of products substantially
over the coming years.'
`This is a tremendous opportunity for both companies,' said Richard T.
Coffman, president of SBSI. `By combining the investigative services of
SBSI with the laboratory services of LabOne, we will be able to offer our
clients a broader line of underwriting services, enhancing the growth
potential of both companies.'
LabOne (NASDAQ: LABS) operates a centralized laboratory in the Kansas City
area and markets insurance, clinical, and substance abuse testing services
in the United States and Canada.'
For information, contact: Robert D. Thompson Kurt E. Gruenbacher
LabOne, Inc. LabOne, Inc.
(913) 888-1770, (913) 888-1770,
ext. 1244 ext. 1445
This document contains forward-looking statements as well as historical
information. Forward-looking statements are identified by or are
associated with such words as "intend", "believe," "estimate," "expect,"
"anticipate," "should," "hopeful" and similar expressions, and include
statements relating to the effectiveness of the merger. They reflect
management's beliefs and estimates of future circumstances and conditions.
Although the Company believes that the expectations reflected in any
forward-looking statements are reasonable, it can give no assurance that
such expectations will be met. These and other forward-looking statements
are based on many assumptions and factors, all of which may not be detailed
in this document. Any changes in the assumptions or factors could produce
materially different results than those predicted and could impact stock
values."
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 officer.
Lab Holdings, Inc.
Date: October 19, 1998 By: /s/ Steven K. Fitzwater
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Steven K. Fitzwater
Executive Vice President, Chief
Operating and Financial Officer
and Secretary
