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: April 11, 1995
(Date of the Earliest Event Reported)
HEALTHSOURCE, INC.
(Exact name of Registrant as specified in its charter)
New Hampshire 1-11538 02-0387748
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification Number)
incorporation)
Two College Park Drive
Hooksett, New Hampshire 03106
(Address of principal executive offices) (Zip Code)
603/268-7000
(Registrant's Telephone Number, including area code)
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Items 1 - 4. Not applicable
Item 5. Other Events.
Healthsource, Inc. ("Healthsource") announced on April 11,
1995 that it has signed a definitive agreement with Central
Massachusetts Health Care, Inc. ("CMHC"), a Worcester,
Massachusetts-based not-for-profit health maintenance
organization, pursuant to which Healthsource will purchase
the HMO assets of CMHC for approximately $62.5 million in
cash, subject to adjustment. The transaction will take the
form of a purchase of the assets comprising CMHC's HMO
business and the reinsurance of CMHC's HMO claims.
Due to the not-for-profit status of CMHC, the transaction is
subject to the approval of the Massachusetts Attorney General's
Office. The transaction is also subject to regulatory
approval and certain other closing conditions. Healthsource
cannot predict when such approvals will be obtained or such
conditions will be met.
CMHC is a 84,000 member health maintenance organization
which operates in central Massachusetts. CMHC had unaudited
fiscal 1994 revenues and excess of revenues over expenses of
approximately $137,988,000 and $61,000, respectively.
Item 6. Not applicable
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Not applicable
Item 8. Not applicable
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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 hereunto duly authorized.
HEALTHSOURCE, INC.
Dated: April 24, 1995 By: /s/ Thomas M. Congoran
Thomas M. Congoran
Chief Financial Officer
