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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: June 19, 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 June 27, 1996, Healthsource, Inc. (the "Company") named
Joseph M. Zubretsky to the position of Chief Financial Officer,
effective July 15, 1996. Mr. Zubretsky has served as a partner in
the public accounting firm of Coopers & Lybrand L.L.P. in its New
England Insurance Industry Group. Mr. Zubretsky will replace
Thomas M. Congoran, whose resignation from the Company was
announced on June 19, 1996.
On June 26, 1996, the Company announced that it had terminated its
previously reported agreement to acquire substantially all of the
assets of PACC Health Plans and PACC HMO (together "PACC"), a
113,100 member HMO and managed care company based in the Portland,
Oregon area. In January 1996, the Company signed an agreement to
purchase PACC for an estimated cash purchase price of $80 milion.
Completion of the acquisition was subject to certain closing
conditions which were not met. No further discussions with respect
to such acquisition are expected.
Items 6-8. 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 28, 1996 By: /s/ Norman C. Payson, M.D.
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Norman C. Payson, M.D.
President and Chief
Executive Officer
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