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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: May 31, 1996
(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.
On May 31, 1996, Healthsource, Inc. ("Healthsource") signed an asset
purchase agreement with Chubb Life Insurance Company of America
("Chubb Life") and various of its affiliates to acquire the
remaining 85% interest in ChubbHealth, Inc. ("ChubbHealth"), a
45,000 member HMO operating in the New York City and northern New
Jersey areas. Healthsource will acquire the stock of ChubbHealth for
an estimated purchase price of $25 million, subject to adjustments.
As part of the transition process, Healthsource will continue to
manage ChubbHealth's operations and to plan the conversion to
Healthsource systems. Healthsource has also agreed to provide
certain guaranties relating to ChubbHealth's operating results
during the transition period. Chubb Life and various of its
affiliates have agreed to continue to write POS products for the
benefit of ChubbHealth and to provide certain MIS and other services
to ChubbHealth during the transition period.
The tranaction remains subject to the receipt of regulatory
approvals and there can be no assurance as to when such approvals
will be obtained.
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: June 4, 1996 By: /s/ Thomas M. Congoran
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Thomas M. Congoran
Chief Financial Officer
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