<PAGE> 1
UNITED STATES
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 (DATE OF EARLIEST EVENT REPORTED): MARCH 17, 2000
OXFORD HEALTH PLANS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-19442 06-1118515
(State or other jurisdiction) (Commission (IRS Employer
of incorporation) File Number) Identification No.)
48 Monroe Turnpike, Trumbull, Connecticut 06611
(Address of principal executive offices) (Zip Code)
(203) 459-7000
(Registrant's telephone number, including area code)
1
<PAGE> 2
ITEM 5. OTHER EVENTS.
The Company's Press Release dated March 17, 2000 is attached as an
Exhibit hereto and incorporated herein by reference.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
99 Press Release dated March 17, 2000.
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, thereunto duly authorized.
OXFORD HEALTH PLANS, INC.
Date: March 17, 2000 By: /s/ KURT B. THOMPSON
-------------------------
Kurt B. Thompson
Chief Financial Officer
2
<PAGE> 1
OXFORD HEALTH PLANS, INC. AND SUBSIDIARIES
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Page
Number Description of Document Number
- ------ ----------------------- ------
<S> <C> <C>
99 Press Release dated March 17, 2000 4
</TABLE>
3
<PAGE> 2
EXHIBIT 99
For Further Information:
Investor Contact: Deborah Abraham
(203) 459-6674
Media Contact: Maria Gordon-Shydlo
(203) 459-7674
FOR IMMEDIATE RELEASE
OXFORD HEALTH PLANS, INC.
PREPAYS REMAINING $131 MILLION OF TERM LOAN
TRUMBULL, CONNECTICUT, MAY 17, 2000. Oxford Health Plans, Inc. (NASDAQ:
OXHP) today announced that it has retired the remaining $131 million balance of
its bank term loan three years prior to its due date. Pursuant to the May 13,
1998 term loan agreement, this pre-payment included a premium of 2.5%, bringing
the total payment to $134.3 million. As part of a previously announced
initiative, Oxford Health Plans, Inc. received dividend and surplus note
repayments from its New York HMO subsidiary totaling $128 million during the
current quarter.
Founded in 1984, Oxford Health Plans, Inc. provides health plans to
employers and individuals in New York, New Jersey and Connecticut, through its
direct sales force, independent insurance agents and brokers. Oxford's services
include traditional health maintenance organizations, point-of-service plans,
third party administration of employer-funded benefits plans and Medicare plans.
4
