SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 3, 1999
VANTAS INCORPORATED
(Exact name of Registrant as specified in its Charter)
Nevada
(State of Incorporation)
0-18274 13-3353508
(Commission File Number) (IRS Employer Id. Number)
90 Park Avenue 10016
New York, New York (Zip Code)
(Address of principal executive offices)
(212) 907-6400
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant
(a) Previous Independent Accountants
(i) On December 3, 1999, VANTAS Incorporated (the "Registrant")
discharged PricewaterhouseCoopers LLP as its independent
accountants. The Registrant's Board of Directors, including
all members of the Audit Committee, participated in and
approved the decision to change independent accountants.
(ii) The reports of PricewaterhouseCoopers LLP on the financial
statements for the two fiscal years ended June 30, 1998 and
for the transition period ended December 31, 1998 contained
no adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or
accounting principle.
(iii) In connection with its audits for the two fiscal years ended
June 30, 1998 and for the transition period ended December
31, 1998 and through December 3, 1999, there have been no
disagreements with PricewaterhouseCoopers LLP on any matter
of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which
disagreements if not resolved to the satisfaction of
PricewaterhouseCoopers LLP would have caused them to make
reference in their report on the financial statements for
such periods.
(iv) During the two fiscal years ended June 30, 1998 and for the
transition period ended December 31, 1998 and through
December 3, 1999, there have been no reportable events (as
defined in Regulation S-K Item 304(a)(1)(v)).
(v) The Registrant has requested that PricewaterhouseCoopers LLP
furnish it with a letter addressed to the SEC stating
whether or not it agrees with the above statements. A copy
of such letter, dated December 7, 1999, is filed as Exhibit
16 to this Form 8-K.
(b) New independent accountants
On December 3, 1999, the Board of Directors of the Registrant
approved the engagement of Ernst & Young LLP as the Registrant's new
independent accountants.
(c) Exhibits
16 Letter of PricewaterhouseCoopers LLP
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SIGNATURE
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.
VANTAS INCORPORATED
(Registrant)
By: /s/ David W. Beale
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Name: David W. Beale
Title: President and Chief Executive Officer
Date: December 8, 1999
December 7, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by VANTAS Incorporated (copy attached),
which we understand will be filed with the Commission, pursuant to Item 4 of
Form 8-K, as part of the Company's Form 8-K report dated December 3, 1999.
We agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ PricewaterhouseCoopers LLP
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PricewaterhouseCoopers LLP
